Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,330 shares of the company’s stock after selling 6,161 shares during the period. Diversified Trust Co’s holdings in Ryan Specialty were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RYAN. Arizona State Retirement System lifted its position in Ryan Specialty by 2.2% in the second quarter. Arizona State Retirement System now owns 28,246 shares of the company’s stock valued at $1,636,000 after buying an additional 611 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Ryan Specialty in the 2nd quarter worth approximately $224,000. Qsemble Capital Management LP purchased a new position in shares of Ryan Specialty during the 2nd quarter worth approximately $649,000. Executive Wealth Management LLC purchased a new position in shares of Ryan Specialty during the 2nd quarter worth approximately $247,000. Finally, Federated Hermes Inc. increased its holdings in Ryan Specialty by 22.4% in the 2nd quarter. Federated Hermes Inc. now owns 552,742 shares of the company’s stock valued at $32,009,000 after purchasing an additional 101,022 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Up 0.6 %

Shares of NYSE:RYAN opened at $61.11 on Friday. The company has a market cap of $16.00 billion, a PE ratio of 79.36, a P/E/G ratio of 1.52 and a beta of 0.72. The company’s 50 day moving average is $68.38 and its two-hundred day moving average is $65.58. Ryan Specialty Holdings, Inc. has a 52 week low of $41.65 and a 52 week high of $75.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYANGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $604.69 million for 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%. Ryan Specialty’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Equities analysts predict that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.44 annualized dividend and a dividend yield of 0.72%. Ryan Specialty’s dividend payout ratio is presently 57.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company raised their price target on Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley assumed coverage on Ryan Specialty in a report on Thursday, December 5th. They set an “overweight” rating and a $90.00 target price for the company. Barclays boosted their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. BMO Capital Markets raised shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $75.00 in a research note on Tuesday, September 24th. Finally, Bank of America upped their target price on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $73.50.

View Our Latest Analysis on RYAN

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $65.17, for a total transaction of $2,280,950.00. Following the transaction, the director now owns 50,400 shares in the company, valued at $3,284,568. This trade represents a 40.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David P. Bolger sold 7,055 shares of the business’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 of the company’s stock, valued at approximately $5,539,201.12. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,936 shares of company stock worth $8,536,282. Corporate insiders own 11.10% of the company’s stock.

Ryan Specialty Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report).

Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

Receive News & Ratings for Ryan Specialty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryan Specialty and related companies with MarketBeat.com's FREE daily email newsletter.