Nicholas Dominic Cortezi Sells 5,375 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 5,375 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $64.73, for a total transaction of $347,923.75. Following the transaction, the director now directly owns 2,685 shares in the company, valued at approximately $173,800.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Nicholas Dominic Cortezi also recently made the following trade(s):

• On Monday, August 26th, Nicholas Dominic Cortezi sold 2,325 shares of Ryan Specialty stock. The shares were sold at an average price of $64.60, for a total transaction of $150,195.00.
• On Friday, August 23rd, Nicholas Dominic Cortezi sold 1,703 shares of Ryan Specialty stock. The stock was sold at an average price of $64.66, for a total transaction of $110,115.98.
• On Wednesday, August 21st, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.15, for a total value of $2,280,250.00.
• On Monday, August 19th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were sold at an average price of $64.69, for a total value of $2,264,150.00.
• On Thursday, August 15th, Nicholas Dominic Cortezi sold 1,500 shares of Ryan Specialty stock. The stock was sold at an average price of $65.02, for a total value of $97,530.00.

Ryan Specialty Stock Up 0.1 %

RYAN stock opened at $64.63 on Friday. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month 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 $16.83 billion, a PE ratio of 121.94, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62. The business’s 50-day simple moving average is $61.21 and its 200 day simple moving average is $55.64.

Ryan Specialty (NYSE:RYAN) last announced 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 for 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%. Ryan Specialty’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, August 13th. Ryan Specialty’s payout ratio is 83.02%.

Analyst Ratings Changes

RYAN has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Ryan Specialty from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wolfe Research lowered shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $62.00 price objective on shares of Ryan Specialty in a research note on Tuesday, July 2nd. Finally, Bank of America initiated coverage on Ryan Specialty in a research note on Wednesday, May 22nd. They set a “buy” rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average target price of $62.00.

Institutional Trading of Ryan Specialty

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Ryan Specialty by 96.4% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after purchasing an additional 297 shares during the period. Crewe Advisors LLC acquired a new position in shares of Ryan Specialty in the 2nd quarter worth approximately $39,000. Intelligent Financial Strategies acquired a new stake in Ryan Specialty in the 1st quarter valued at $44,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Ryan Specialty in the 1st quarter valued at $45,000. Finally, Rothschild Investment LLC bought a new stake in Ryan Specialty in the second quarter valued at $87,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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.