2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC lessened its holdings in Ryan Specialty Holdings, Inc. ( NYSE:RYAN – Free Report ) by 8.8% in the 2nd quarter, HoldingsChannel.
com reports. The institutional investor owned 5,275 shares of the company’s stock after selling 510 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Ryan Specialty were worth $305,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC lifted its position in Ryan Specialty by 96.4% in the 2nd quarter.
GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after buying an additional 297 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Ryan Specialty in the second quarter valued at approximately $39,000. Intelligent Financial Strategies bought a new stake in Ryan Specialty in the first quarter worth $44,000.
Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Ryan Specialty in the first quarter worth about $45,000.
Finally, Rothschild Investment LLC bought a new stake in shares of Ryan Specialty during the 2nd quarter worth about $87,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.
Ryan Specialty Price Performance Shares of RYAN stock opened at $64.08 on Monday. The company has a market capitalization of $16.
75 billion, a P/E ratio of 120.91, a P/E/G ratio of 1.51 and a beta of 0.
62. The company has a current ratio of 1.09, a quick ratio of 1.
09 and a debt-to-equity ratio of 1.81. Ryan Specialty Holdings, Inc.
has a 12 month low of $41.49 and a 12 month high of $69.03.
The stock has a 50 day moving average of $62.38 and a two-hundred day moving average of $56.92.
Ryan Specialty Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a $0.11 dividend.
This represents a $0.44 annualized dividend and a yield of 0.69%.
The ex-dividend date of this dividend was Tuesday, August 13th. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.
Analysts Set New Price Targets RYAN has been the topic of a number of recent analyst reports. Barclays initiated coverage on Ryan Specialty in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $76.
00 price objective on the stock. The Goldman Sachs Group boosted their price objective on shares of Ryan Specialty from $58.00 to $64.
00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $62.00 target price on shares of Ryan Specialty in a research note on Tuesday, July 2nd.
Bank of America began coverage on Ryan Specialty in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 price objective on the stock.
Finally, UBS Group increased their target price on Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.
One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryan Specialty currently has a consensus rating of “Hold” and a consensus price target of $63.
40. Read Our Latest Stock Analysis on RYAN Insiders Place Their Bets In other news, President Timothy William Turner sold 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $62.
45, for a total value of $124,900,000.00. Following the sale, the president now directly owns 8,095 shares in the company, valued at approximately $505,532.
75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . In other Ryan Specialty news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 24,845 shares in the company, valued at $1,619,397.10. The transaction was disclosed in a document filed with the SEC, which is available through this link .
Also, President Timothy William Turner sold 2,000,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $62.45, for a total value of $124,900,000.
00. Following the sale, the president now directly owns 8,095 shares of the company’s stock, valued at $505,532.75.
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 over the last quarter. Company insiders own 11.
10% of the company’s stock. About Ryan Specialty ( 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.
Further Reading Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings, Inc. ( NYSE:RYAN – Free Report ).
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