Ryan Specialty (NYSE:RYAN) Shares Down 4.1% - Time to Sell?

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) shares fell 4.1% during mid-day trading on Monday . The company traded as low as $64.53 and last traded at $65.72. 104,650 shares were traded during mid-day trading, a decline of 89% from the average session volume of 987,767 shares. The stock had previously closed at $68.55.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RYAN. Royal Bank of Canada cut their target price on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Barclays dropped their price objective on Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. TD Cowen started coverage on Ryan Specialty in a research note on Thursday, April 10th. They set a "buy" rating and a $89.00 price objective on the stock. Finally, UBS Group raised their price objective on Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.58.

Ryan Specialty Trading Up 1.5%

The firm has a fifty day moving average of $69.08 and a two-hundred day moving average of $68.54. The company has a market cap of $17.38 billion, a PE ratio of 95.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 48.01% and a net margin of 9.14%. The company had revenue of $690.17 million during the quarter, compared to analyst estimates of $680.80 million. During the same quarter last year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. As a group, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty's dividend payout ratio (DPR) is currently 141.18%.

Insider Buying and Selling

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David P. Bolger sold 5,000 shares of Ryan Specialty stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the transaction, the director now directly owns 71,467 shares of the company's stock, valued at $5,059,863.60. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. grew its holdings in Ryan Specialty by 281.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock valued at $25,000 after buying an additional 245 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Ryan Specialty during the 1st quarter valued at about $26,000. Rakuten Securities Inc. bought a new stake in shares of Ryan Specialty during the 4th quarter valued at about $27,000. WPG Advisers LLC bought a new stake in shares of Ryan Specialty during the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Ryan Specialty during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

About Ryan Specialty

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.