Ryan Specialty Holdings, Inc. (NYSE:RYAN) President Timothy William Turner Sells 2,000,000 Shares

Ryan Specialty Holdings, Inc. (NYSE:RYAN) President Timothy William Turner sold 2,000,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $62.45, for a total transaction of $124,900,000.00. Following the completion of the transaction, the president now directly owns 8,095 shares of the company’s stock, valued at approximately $505,532.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $65.09 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.15 and a current ratio of 1.09. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.03. The company has a 50 day simple moving average of $58.21 and a two-hundred day simple moving average of $53.48. The company has a market capitalization of $16.95 billion, a PE ratio of 122.81, a P/E/G ratio of 1.55 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $695.56 million. Ryan Specialty had a net margin of 10.21% and a return on equity of 48.08%. Ryan Specialty’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share. Research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.68%. Ryan Specialty’s payout ratio is 83.02%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RYAN shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $62.00 price target on shares of Ryan Specialty in a report on Tuesday, July 2nd. JPMorgan Chase & Co. increased their price target on Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. UBS Group boosted their price objective on Ryan Specialty from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. JMP Securities reissued a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Finally, Wells Fargo & Company boosted their price target on Ryan Specialty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average price target of $61.00.

Institutional Investors Weigh In On Ryan Specialty

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Ryan Specialty by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 9,397,569 shares of the company’s stock worth $404,283,000 after buying an additional 198,945 shares during the period. Champlain Investment Partners LLC grew its holdings in Ryan Specialty by 28.0% in the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock worth $274,022,000 after purchasing an additional 1,079,505 shares during the period. Blair William & Co. IL increased its stake in Ryan Specialty by 2.6% in the first quarter. Blair William & Co. IL now owns 2,771,340 shares of the company’s stock valued at $153,809,000 after purchasing an additional 71,024 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Ryan Specialty by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,958,210 shares of the company’s stock valued at $84,242,000 after purchasing an additional 158,322 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Ryan Specialty by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company’s stock worth $106,886,000 after purchasing an additional 488,067 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

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.