SYSTM Wealth Solutions LLC Cuts Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

SYSTM Wealth Solutions LLC lowered its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 15.2% during the second quarter, Holdings Channel reports. The institutional investor owned 58,558 shares of the company’s stock after selling 10,489 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Ryan Specialty were worth $3,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual of America Capital Management LLC purchased a new position in shares of Ryan Specialty in the 2nd quarter worth approximately $3,394,000. Sargent Investment Group LLC purchased a new stake in Ryan Specialty during the 2nd quarter worth approximately $395,000. Quantbot Technologies LP grew its position in Ryan Specialty by 183.1% during the 2nd quarter. Quantbot Technologies LP now owns 79,686 shares of the company’s stock worth $4,615,000 after purchasing an additional 51,537 shares during the last quarter. Federated Hermes Inc. grew its position in Ryan Specialty by 22.4% during the 2nd quarter. Federated Hermes Inc. now owns 552,742 shares of the company’s stock worth $32,009,000 after purchasing an additional 101,022 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new stake in Ryan Specialty during the 2nd quarter worth approximately $247,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $63.57 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.81. The company has a 50 day simple moving average of $62.66 and a two-hundred day simple moving average of $57.07. Ryan Specialty Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $69.03. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 119.95, a PEG ratio of 1.51 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Ryan Specialty had a net margin of 10.21% and a return on equity of 48.08%. The firm had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $695.56 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue was up 18.9% compared to the same quarter last year. As a group, analysts predict that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, August 13th. Ryan Specialty’s dividend payout ratio is currently 83.02%.

Analyst Ratings Changes

Several analysts have weighed in on RYAN shares. Wells Fargo & Company boosted their target price on shares of Ryan Specialty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their target price on shares of Ryan Specialty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. UBS Group boosted their target price on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Citigroup lifted their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.40.

Insider Activity at Ryan Specialty

In related news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $65.18, for a total value of $1,709,866.94. Following the completion of the transaction, the executive vice president now directly owns 24,845 shares in the company, valued at approximately $1,619,397.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 1,500 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.02, for a total transaction of $97,530.00. Following the completion of the transaction, the director now directly owns 25,123 shares in the company, valued at $1,633,497.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the transaction, the executive vice president now owns 24,845 shares of the company’s stock, valued at $1,619,397.10. The disclosure for this sale can be found here. Insiders sold a total of 2,107,136 shares of company stock worth $131,860,032 in the last three months. Company insiders own 11.10% of the company’s stock.

Ryan Specialty 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.