Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Anderson Hoagland & Co.

Anderson Hoagland & Co. decreased its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,304 shares of the company’s stock after selling 1,380 shares during the period. Anderson Hoagland & Co.’s holdings in Ryan Specialty were worth $3,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Ryan Specialty in the 3rd quarter valued at $25,000. Assetmark Inc. purchased a new position in Ryan Specialty during the 3rd quarter worth $34,000. Quarry LP increased its stake in Ryan Specialty by 109.3% in the third quarter. Quarry LP now owns 808 shares of the company’s stock valued at $54,000 after purchasing an additional 422 shares during the period. GAMMA Investing LLC raised its holdings in shares of Ryan Specialty by 106.4% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $83,000 after buying an additional 644 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Ryan Specialty by 12.3% during the third quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock worth $89,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.39, for a total value of $2,358,650.00. Following the sale, the director now owns 65,100 shares of the company’s stock, valued at approximately $4,387,089. This represents a 34.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Stephen Katz sold 14,790 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $71.39, for a total value of $1,055,858.10. Following the transaction, the executive vice president now directly owns 12,386 shares of the company’s stock, valued at $884,236.54. The trade was a 54.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 271,887 shares of company stock worth $18,118,273 over the last 90 days. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RYAN shares. Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America boosted their target price on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Barclays upped their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company lowered their price objective on shares of Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley started coverage on shares of Ryan Specialty in a research report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average target price of $74.40.

Ryan Specialty Stock Down 1.5 %

Shares of NYSE RYAN opened at $63.27 on Friday. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 82.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a 52 week low of $42.21 and a 52 week high of $75.97. The firm has a 50-day moving average price of $67.34 and a 200 day moving average price of $66.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. Equities research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is 57.14%.

Ryan Specialty Company 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.