Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 7.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,086 shares of the company’s stock after selling 2,670 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Ryan Specialty were worth $2,032,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Ryan Specialty by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 9,397,569 shares of the company’s stock valued at $404,283,000 after acquiring an additional 198,945 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in Ryan Specialty by 28.0% in the 1st quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock valued at $274,022,000 after purchasing an additional 1,079,505 shares in the last quarter. Blair William & Co. IL lifted its holdings in Ryan Specialty by 3.4% in the 2nd quarter. Blair William & Co. IL now owns 2,866,003 shares of the company’s stock valued at $165,970,000 after purchasing an additional 94,663 shares in the last quarter. Bessemer Group Inc. boosted its stake 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ryan Specialty by 132.2% during the second quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock worth $48,425,000 after buying an additional 476,126 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RYAN shares. The Goldman Sachs Group raised their target price on shares of Ryan Specialty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Ryan Specialty in a research report on Tuesday, July 2nd. BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $75.00 in a research report on Tuesday. Wells Fargo & Company lifted their price target on Ryan Specialty from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ryan Specialty presently has a consensus rating of “Hold” and an average target price of $66.78.

Insider Transactions at Ryan Specialty

In related news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of Ryan Specialty stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. In other news, Director Nicholas Dominic Cortezi sold 5,375 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $64.73, for a total transaction of $347,923.75. Following the completion of the transaction, the director now directly owns 2,685 shares in the company, valued at approximately $173,800.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeremiah Rawlins Bickham sold 26,233 shares of Ryan Specialty stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $65.18, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 2,107,136 shares of company stock valued at $131,860,032. Corporate insiders own 11.10% of the company’s stock.

Ryan Specialty Price Performance

RYAN opened at $66.00 on Friday. The company has a 50 day moving average of $63.85 and a two-hundred day moving average of $57.64. Ryan Specialty Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $69.03. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81. The company has a market cap of $17.26 billion, a P/E ratio of 124.53, a P/E/G ratio of 1.60 and a beta of 0.62.

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

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.67%. Ryan Specialty’s dividend payout ratio is currently 83.02%.

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.