David P. Bolger Sells 7,055 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director David P. Bolger sold 7,055 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $70.88, for a total value of $500,058.40. Following the completion of the sale, the director now owns 78,149 shares in the company, valued at approximately $5,539,201.12. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ryan Specialty Trading Up 0.0 %

RYAN stock opened at $75.09 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $75.86. The company has a market cap of $19.66 billion, a P/E ratio of 97.52, a PEG ratio of 1.70 and a beta of 0.62. The business has a fifty day moving average of $69.74 and a 200-day moving average of $63.04.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The firm had revenue of $604.69 million during the quarter, compared to analysts’ expectations of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.11 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.59%. Ryan Specialty’s payout ratio is presently 57.14%.

Analyst Ratings Changes

A number of brokerages have weighed in on RYAN. Wells Fargo & Company upped their price target on Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group increased their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Barclays boosted their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Bank of America raised their price objective on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.67.

Institutional Trading of Ryan Specialty

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC grew its stake in shares of Ryan Specialty by 30.4% during the third quarter. Tidal Investments LLC now owns 12,255 shares of the company’s stock worth $814,000 after purchasing an additional 2,858 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryan Specialty during the 3rd quarter worth about $193,000. Sanctuary Advisors LLC increased its stake in shares of Ryan Specialty by 11.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,502 shares of the company’s stock valued at $1,140,000 after acquiring an additional 1,651 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $263,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Ryan Specialty by 51.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,760 shares of the company’s stock worth $2,042,000 after acquiring an additional 10,460 shares during the last quarter. Institutional investors and hedge funds 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.