American Century Companies Inc. Sells 436,689 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

American Century Companies Inc. lessened its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 27.9% in the second quarter, Holdings Channel.com reports. The fund owned 1,126,912 shares of the company’s stock after selling 436,689 shares during the period. American Century Companies Inc.’s holdings in Ryan Specialty were worth $65,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RYAN. GAMMA Investing LLC raised its holdings in Ryan Specialty by 96.4% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after purchasing an additional 297 shares in the last quarter. Arizona State Retirement System raised its stake in Ryan Specialty by 2.2% in the second quarter. Arizona State Retirement System now owns 28,246 shares of the company’s stock worth $1,636,000 after buying an additional 611 shares in the last quarter. Precision Wealth Strategies LLC raised its stake in Ryan Specialty by 4.1% in the first quarter. Precision Wealth Strategies LLC now owns 15,774 shares of the company’s stock worth $875,000 after buying an additional 617 shares in the last quarter. Anderson Hoagland & Co. lifted its holdings in Ryan Specialty by 1.2% in the second quarter. Anderson Hoagland & Co. now owns 51,615 shares of the company’s stock worth $2,909,000 after buying an additional 624 shares during the period. Finally, Crewe Advisors LLC bought a new stake in Ryan Specialty during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insider Activity

In other news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the completion of the transaction, the executive vice president now directly owns 24,845 shares of the company’s stock, valued at $1,619,397.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ryan Specialty news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of Ryan Specialty stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $65.18, for a total value of $1,709,866.94. Following the completion of the sale, the executive vice president now owns 24,845 shares of the company’s stock, valued at approximately $1,619,397.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Timothy William Turner sold 2,000,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $62.45, for a total value of $124,900,000.00. Following the transaction, the president now directly owns 8,095 shares in the company, valued at $505,532.75. The disclosure for this sale can be found here. Insiders have sold a total of 2,107,136 shares of company stock valued at $131,860,032 in the last 90 days. 11.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on RYAN. Barclays assumed coverage on Ryan Specialty in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Ryan Specialty from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Bank of America assumed coverage on shares of Ryan Specialty in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 price target for the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $62.00 price objective on shares of Ryan Specialty in a research note on Tuesday, July 2nd. Finally, UBS Group upped their price objective on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.40.

Ryan Specialty Price Performance

Shares of RYAN opened at $64.08 on Monday. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $69.03. The company has a market capitalization of $16.75 billion, a P/E ratio of 120.91, a price-to-earnings-growth ratio of 1.51 and a beta of 0.62. The firm has a 50 day moving average of $62.38 and a 200 day moving average of $56.92. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, August 1st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $695.40 million during the quarter, compared to analyst estimates of $695.56 million. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. As a group, equities research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, August 13th. Ryan Specialty’s dividend payout ratio is currently 83.02%.

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.