Ryan Specialty (NYSE:RYAN) CEO Sells $6,946,247.70 in Stock

Ryan Specialty Holdings Inc. (NYSE:RYAN) CEO Timothy William Turner sold 129,570 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the sale, the chief executive officer directly owned 12,553 shares of the company’s stock, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ryan Specialty Stock Down 0.2%

NYSE RYAN traded down $0.10 on Monday, hitting $54.06. 17,059 shares of the company were exchanged, compared to its average volume of 1,241,524. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The company has a market cap of $14.26 billion, a PE ratio of 117.64, a PEG ratio of 1.52 and a beta of 0.61. The stock has a fifty day moving average of $55.40 and a 200-day moving average of $59.25. Ryan Specialty Holdings Inc. has a 12 month low of $50.08 and a 12 month high of $77.16.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $754.58 million for the quarter, compared to analysts’ expectations of $742.35 million. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 10th. Ryan Specialty’s dividend payout ratio is currently 104.35%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RYAN shares. BMO Capital Markets lowered their price objective on Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Jefferies Financial Group initiated coverage on shares of Ryan Specialty in a research report on Monday, December 1st. They set a “hold” rating and a $64.00 price target on the stock. Barclays cut their price target on shares of Ryan Specialty from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. UBS Group decreased their price objective on shares of Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, TD Cowen cut their target price on Ryan Specialty from $89.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ryan Specialty presently has an average rating of “Moderate Buy” and a consensus target price of $66.60.

Hedge Funds Weigh In On Ryan Specialty

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Ryan Specialty during the 2nd quarter valued at approximately $37,321,000. Hsbc Holdings PLC raised its holdings in shares of Ryan Specialty by 14.4% during the first quarter. Hsbc Holdings PLC now owns 4,182 shares of the company’s stock valued at $309,000 after acquiring an additional 528 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ryan Specialty in the first quarter worth $467,000. United Services Automobile Association purchased a new stake in Ryan Specialty in the first quarter worth $490,000. Finally, Deutsche Bank AG boosted its holdings in Ryan Specialty by 11.5% in the first quarter. Deutsche Bank AG now owns 12,055 shares of the company’s stock valued at $891,000 after acquiring an additional 1,241 shares in the last quarter. 84.82% of the stock is currently owned by 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.