Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 91.4% in the third quarter, Holdings Channel reports. The firm owned 1,675 shares of the company’s stock after selling 17,806 shares during the quarter. SG Americas Securities LLC’s holdings in Ryan Specialty were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Champlain Investment Partners LLC lifted its position in Ryan Specialty by 28.0% during the 1st quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock worth $274,022,000 after acquiring an additional 1,079,505 shares during the period. Norden Group LLC raised its stake in shares of Ryan Specialty by 2,138.1% during the first quarter. Norden Group LLC now owns 778,848 shares of the company’s stock worth $43,226,000 after purchasing an additional 744,049 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Ryan Specialty by 33.9% during the first 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 period. Bank of New York Mellon Corp grew its position in Ryan Specialty by 132.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock valued at $48,425,000 after buying an additional 476,126 shares during the last quarter. Finally, 2Xideas AG purchased a new position in Ryan Specialty in the 1st quarter valued at $19,765,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RYAN shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $62.00 price objective on shares of Ryan Specialty in a research report on Tuesday, July 2nd. Citigroup lifted their price target on Ryan Specialty from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their target price on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.33.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 5,375 shares of the 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 owns 2,685 shares of the company’s stock, valued at $173,800.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Nicholas Dominic Cortezi sold 5,375 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $64.73, for a total transaction of $347,923.75. Following the sale, the director now directly owns 2,685 shares in the company, valued at approximately $173,800.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the company’s 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 completion of the transaction, the executive vice president now owns 24,845 shares of the company’s stock, valued at $1,619,397.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,107,136 shares of company stock worth $131,860,032. 11.10% of the stock is owned by company insiders.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $68.75 on Monday. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $73.10. The company has a market capitalization of $17.91 billion, a P/E ratio of 129.72, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $66.69 and a two-hundred day moving average price of $59.91.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data 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 business had revenue of $695.40 million for 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 business’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, research analysts expect 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. Investors of record on Tuesday, August 13th were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.64%. Ryan Specialty’s payout ratio is 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.