Key Points
- Ryan Specialty CEO Timothy William Turner sold 129,570 shares on Dec. 12 at an average price of $53.61 for about $6.95 million, leaving him with 12,553 shares — a 91.17% decrease in his ownership.
- In the latest quarter the company reported EPS of $0.47 (in line with estimates) and revenue of $754.6 million, beating expectations and delivering 24.8% year-over-year revenue growth.
- The stock carries a market capitalization of $14.3 billion and a high valuation (PE ~117.85); analysts hold a consensus "Moderate Buy" with an average target price of $66.25.
Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) CEO Timothy William Turner sold 129,570 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the completion of the transaction, the chief executive officer directly owned 12,553 shares of the company's stock, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Ryan Specialty Price Performance
Shares of NYSE:RYAN opened at $54.21 on Tuesday. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 117.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.61. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.00. The business's 50 day simple moving average is $55.32 and its 200-day simple moving average is $59.14. Ryan Specialty Holdings Inc. has a 12 month low of $50.08 and a 12 month high of $77.16.
Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $754.58 million during the quarter, compared to analysts' expectations of $742.35 million. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.Ryan Specialty's revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.
Ryan Specialty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 10th. Ryan Specialty's dividend payout ratio (DPR) is 104.35%.
Institutional Trading of Ryan Specialty
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RYAN. LPL Financial LLC lifted its holdings in shares of Ryan Specialty by 15.3% during the 1st quarter. LPL Financial LLC now owns 37,897 shares of the company's stock worth $2,799,000 after acquiring an additional 5,033 shares during the period. Deutsche Bank AG increased its position in Ryan Specialty by 11.5% during the first quarter. Deutsche Bank AG now owns 12,055 shares of the company's stock worth $891,000 after purchasing an additional 1,241 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ryan Specialty during the first quarter worth approximately $467,000. Nuveen LLC acquired a new position in shares of Ryan Specialty in the 1st quarter valued at $26,739,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Ryan Specialty by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 13,642 shares of the company's stock valued at $1,008,000 after buying an additional 569 shares during the period. Hedge funds and other institutional investors own 84.82% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on RYAN. JPMorgan Chase & Co. reduced their price target on shares of Ryan Specialty from $64.00 to $63.00 and set an "underweight" rating on the stock in a report on Thursday, October 9th. TD Cowen lowered their target price on Ryan Specialty from $89.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, November 26th. Piper Sandler initiated coverage on Ryan Specialty in a report on Thursday, November 20th. They issued a "neutral" rating and a $60.00 price target for the company. Barclays decreased their price objective on Ryan Specialty from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, November 20th. Finally, Wells Fargo & Company boosted their target price on shares of Ryan Specialty from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ryan Specialty has a consensus rating of "Moderate Buy" and an average target price of $66.25.
Read Our Latest Stock Analysis on Ryan Specialty
Ryan Specialty Company Profile
(
Get 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.
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