Insider Selling: Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells 31,409 Shares of Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) Director Nicholas Dominic Cortezi sold 31,409 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $65.64, for a total value of $2,061,686.76. Following the sale, the director now directly owns 2,697 shares in the company, valued at $177,031.08. This trade represents a 92.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 27th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.25, for a total transaction of $2,283,750.00.
• On Thursday, January 23rd, Nicholas Dominic Cortezi sold 10,485 shares of Ryan Specialty stock. The shares were sold at an average price of $65.12, for a total transaction of $682,783.20.
• On Tuesday, January 21st, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $66.35, for a total value of $2,322,250.00.
• On Friday, January 17th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $67.15, for a total value of $2,350,250.00.
• On Wednesday, January 15th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were sold at an average price of $65.99, for a total value of $2,309,650.00.
• On Monday, January 13th, Nicholas Dominic Cortezi sold 29,466 shares of Ryan Specialty stock. The shares were sold at an average price of $65.06, for a total transaction of $1,917,057.96.
• On Friday, December 20th, Nicholas Dominic Cortezi sold 91 shares of Ryan Specialty stock. The stock was sold at an average price of $65.00, for a total transaction of $5,915.00.
• On Wednesday, December 18th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.17, for a total transaction of $2,280,950.00.
• On Monday, December 16th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were sold at an average price of $66.71, for a total value of $2,334,850.00.
• On Friday, December 13th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were sold at an average price of $67.39, for a total value of $2,358,650.00.

Ryan Specialty Stock Performance

NYSE:RYAN traded up $1.09 during mid-day trading on Tuesday, hitting $68.54. The company's stock had a trading volume of 1,031,723 shares, compared to its average volume of 1,019,906. The business's fifty day moving average is $66.52 and its two-hundred day moving average is $66.72. The stock has a market cap of $17.95 billion, a price-to-earnings ratio of 89.01, a PEG ratio of 1.16 and a beta of 0.72. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. Ryan Specialty Holdings, Inc. has a 1 year low of $42.34 and a 1 year high of $75.97.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Ryan Specialty from $68.00 to $64.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Barclays boosted their price objective on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Bank of America raised their target price on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Morgan Stanley assumed coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an "overweight" rating and a $90.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on Ryan Specialty from $79.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Ryan Specialty has a consensus rating of "Hold" and a consensus price target of $74.40.

Institutional Trading of Ryan Specialty

Hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new position in Ryan Specialty during the third quarter valued at approximately $25,000. Assetmark Inc. acquired a new stake in shares of Ryan Specialty during the 3rd quarter worth approximately $34,000. Principal Securities Inc. increased its holdings in shares of Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after purchasing an additional 415 shares in the last quarter. Quarry LP lifted its stake in shares of Ryan Specialty by 109.3% in the 3rd quarter. Quarry LP now owns 808 shares of the company's stock valued at $54,000 after purchasing an additional 422 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Ryan Specialty by 106.4% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock worth $83,000 after buying an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

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.