Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) EVP Brendan Martin Mulshine sold 30,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Ryan Specialty Price Performance
NYSE:RYAN traded down $0.56 during trading hours on Friday, reaching $71.13. The stock had a trading volume of 457,127 shares, compared to its average volume of 905,850. The stock has a market capitalization of $18.63 billion, a PE ratio of 103.21, a PEG ratio of 1.19 and a beta of 0.71. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $67.94 and a two-hundred day moving average price of $67.91. Ryan Specialty Holdings, Inc. has a 52 week low of $48.48 and a 52 week high of $75.97.
Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The business had revenue of $663.53 million during the quarter, compared to the consensus estimate of $658.80 million. As a group, sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.
Ryan Specialty Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This is a boost from Ryan Specialty's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.67%. Ryan Specialty's dividend payout ratio (DPR) is 69.57%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of RYAN. Rakuten Securities Inc. acquired a new stake in Ryan Specialty in the fourth quarter valued at approximately $27,000. Assetmark Inc. acquired a new stake in Ryan Specialty in the 3rd quarter valued at approximately $34,000. Kapitalo Investimentos Ltda purchased a new position in Ryan Specialty in the 4th quarter valued at approximately $36,000. Principal Securities Inc. lifted its position in shares of Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after purchasing an additional 415 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Ryan Specialty during the 4th quarter worth $49,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Ryan Specialty from $64.00 to $69.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Keefe, Bruyette & Woods lowered their target price on shares of Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Morgan Stanley assumed coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They issued an "overweight" rating and a $90.00 price target for the company. UBS Group upped their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Barclays raised their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $75.27.
Read Our Latest Analysis on Ryan Specialty
About Ryan Specialty
(
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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.
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