Ryan Specialty (NYSE:RYAN) Stock: Insider Benjamin Miles Wuller Sells 50,000 Shares

Ryan Specialty Holdings Inc. (NYSE:RYAN) CEO Benjamin Wuller sold 50,000 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $47.31, for a total transaction of $2,365,500.00. Following the transaction, the chief executive officer owned 94,095 shares of the company’s stock, valued at $4,451,634.45. This trade represents a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryan Specialty Trading Up 1.4%

Ryan Specialty stock opened at $46.80 on Friday. The stock has a market cap of $11.77 billion, a P/E ratio of 57.78, a PEG ratio of 0.97 and a beta of 0.54. Ryan Specialty Holdings Inc. has a fifty-two week low of $29.28 and a fifty-two week high of $58.91. The firm’s fifty day moving average price is $41.17 and its 200-day moving average price is $39.00. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.01 and a current ratio of 1.01.

Ryan Specialty (NYSE:RYAN) 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 return on equity of 47.77% and a net margin of 8.25%. The company had revenue of $789.96 million during the quarter, compared to analyst estimates of $792.99 million. During the same quarter last year, the company earned $0.47 earnings per share. Equities research analysts forecast that Ryan Specialty Holdings Inc. will post 2.18 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, November 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Ryan Specialty’s dividend payout ratio (DPR) is presently 64.20%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vulcan Value Partners LLC grew its position in Ryan Specialty by 20.0% during the second quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock valued at $298,782,000 after acquiring an additional 1,317,334 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ryan Specialty by 1,374.2% in the 1st quarter. Renaissance Technologies LLC now owns 536,600 shares of the company’s stock worth $18,105,000 after acquiring an additional 500,200 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Ryan Specialty by 34.8% in the 1st quarter. Bank of America Corp DE now owns 1,508,083 shares of the company’s stock worth $50,883,000 after acquiring an additional 389,505 shares during the last quarter. Clarkston Capital Partners LLC bought a new stake in shares of Ryan Specialty in the 1st quarter worth approximately $10,187,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of Ryan Specialty in the 2nd quarter valued at $7,137,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RYAN. Barclays lifted their price target on Ryan Specialty from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Piper Sandler cut their price objective on Ryan Specialty from $48.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. UBS Group decreased their price objective on shares of Ryan Specialty from $55.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Mizuho raised their target price on shares of Ryan Specialty from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Ryan Specialty from $48.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.62.

About Ryan Specialty

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.