Key Points
- Ryan Specialty CEO Benjamin Miles Wuller sold 50,000 shares for about $2.37 million at an average price of $47.31, reducing his stake by 34.7% to 94,095 shares.
- The company reported quarterly EPS of $0.51, above the $0.49 consensus, while revenue of $789.96 million came in slightly below estimates.
- Ryan Specialty declared a quarterly dividend of $0.13 per share, equivalent to a 1.1% annualized yield. Analysts’ consensus rating was Hold, with an average price target of $52.15.
Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) CEO Benjamin Miles Wuller sold 50,000 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $47.31, for a total value of $2,365,500.00. Following the completion of the sale, the chief executive officer owned 94,095 shares of the company's stock, valued at approximately $4,451,634.45. This trade represents a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ryan Specialty Price Performance
Shares of NYSE RYAN opened at $46.12 on Friday. Ryan Specialty Holdings Inc. has a fifty-two week low of $29.28 and a fifty-two week high of $58.91. The company has a market cap of $11.60 billion, a PE ratio of 56.93, a P/E/G ratio of 0.99 and a beta of 0.54. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $41.08 and a two-hundred day simple moving average of $39.00.
Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. The firm had revenue of $789.96 million for the quarter, compared to the consensus estimate of $792.99 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, equities analysts expect that Ryan Specialty Holdings Inc. will post 2.18 EPS for the current fiscal year.
Ryan Specialty Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Ryan Specialty's dividend payout ratio (DPR) is 64.20%.
Analyst Ratings Changes
RYAN has been the topic of several research analyst reports. Royal Bank Of Canada dropped their target price on shares of Ryan Specialty from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Friday, October 30th. The Goldman Sachs Group raised their price target on shares of Ryan Specialty from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. UBS Group decreased their price target on shares of Ryan Specialty from $55.00 to $52.00 and set a "buy" rating for the company in a report on Monday, November 2nd. Barclays lifted their price objective on shares of Ryan Specialty from $46.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Mizuho dropped their price objective on shares of Ryan Specialty from $43.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $52.15.
Check Out Our Latest Research Report on Ryan Specialty
Hedge Funds Weigh In On Ryan Specialty
A number of institutional investors have recently bought and sold shares of RYAN. Allworth Financial LP lifted its stake in Ryan Specialty by 70.0% during the 2nd quarter. Allworth Financial LP now owns 787 shares of the company's stock valued at $30,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Ryan Specialty by 54.9% in the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company's stock valued at $34,000 after acquiring an additional 359 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Ryan Specialty in the 3rd quarter valued at $34,000. Jacobi Capital Management LLC acquired a new stake in shares of Ryan Specialty in the third quarter worth $42,000. Finally, Covestor Ltd increased its stake in shares of Ryan Specialty by 64.2% in the third quarter. Covestor Ltd now owns 1,956 shares of the company's stock worth $72,000 after acquiring an additional 765 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.
Ryan Specialty Company Profile
(
Get Free Report)
Ryan Specialty is a specialty insurance organization that provides distribution, underwriting and related services to insurance brokers, agents and carriers. Its business includes wholesale brokerage, which helps insurance professionals place coverage for risks that may be difficult to insure in the standard market, and underwriting management services for specialty insurance products. The company works across a range of property and casualty insurance lines, including professional liability, transportation, property, casualty and other specialty risks.
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