Insider Selling: Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells 5,000 Shares of Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) Director David P. Bolger sold 5,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total transaction of $354,000.00. Following the completion of the transaction, the director now directly owns 71,467 shares of the company's stock, valued at approximately $5,059,863.60. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ryan Specialty Stock Down 0.4%

RYAN stock traded down $0.31 during mid-day trading on Friday, reaching $68.72. 130,966 shares of the company traded hands, compared to its average volume of 985,914. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The firm's 50 day moving average price is $69.73 and its 200 day moving average price is $68.74. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 99.61, a P/E/G ratio of 1.19 and a beta of 0.70. Ryan Specialty Holdings, Inc. has a fifty-two week low of $52.34 and a fifty-two week high of $77.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The business had revenue of $690.17 million for the quarter, compared to analysts' expectations of $680.80 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, equities research analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.70%. Ryan Specialty's dividend payout ratio (DPR) is currently 141.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Ryan Specialty in a research report on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. Royal Bank of Canada lowered their price target on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Wells Fargo & Company decreased their target price on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. UBS Group raised their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.58.

Hedge Funds Weigh In On Ryan Specialty

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Ryan Specialty by 4.0% in the first quarter. Vanguard Group Inc. now owns 10,271,428 shares of the company's stock worth $758,750,000 after acquiring an additional 390,924 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Ryan Specialty by 2.5% during the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company's stock valued at $210,651,000 after buying an additional 79,976 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Ryan Specialty by 66.4% in the first quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock valued at $225,404,000 after acquiring an additional 1,218,147 shares during the period. Blair William & Co. IL boosted its stake in shares of Ryan Specialty by 0.7% during the first quarter. Blair William & Co. IL now owns 2,784,916 shares of the company's stock valued at $205,722,000 after purchasing an additional 18,953 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in Ryan Specialty by 0.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,378,573 shares of the company's stock valued at $175,706,000 after purchasing an additional 12,573 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.