Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get Free Report) Director Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $44.05, for a total transaction of $1,101,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nicholas Dominic Cortezi also recently made the following trade(s):
- On Friday, July 28th, Nicholas Dominic Cortezi sold 5,825 shares of Ryan Specialty stock. The stock was sold at an average price of $44.14, for a total transaction of $257,115.50.
- On Wednesday, July 26th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $45.31, for a total transaction of $1,132,750.00.
- On Monday, July 24th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $44.42, for a total transaction of $1,110,500.00.
- On Friday, July 21st, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $45.89, for a total transaction of $1,147,250.00.
- On Wednesday, July 19th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $44.94, for a total transaction of $1,123,500.00.
- On Monday, July 17th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $45.21, for a total transaction of $1,130,250.00.
- On Friday, July 14th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $44.55, for a total transaction of $1,113,750.00.
- On Wednesday, July 12th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $44.68, for a total value of $1,117,000.00.
- On Monday, July 10th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $45.25, for a total value of $1,131,250.00.
- On Friday, July 7th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $44.39, for a total value of $1,109,750.00.
Ryan Specialty Stock Down 2.5 %
RYAN traded down $1.12 during trading on Friday, reaching $43.19. The stock had a trading volume of 1,303,272 shares, compared to its average volume of 664,305. The stock’s 50 day moving average is $43.56 and its two-hundred day moving average is $42.12. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 78.48 and a beta of 0.45. Ryan Specialty Holdings, Inc. has a one year low of $32.13 and a one year high of $46.40.
Ryan Specialty (NYSE:RYAN – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Ryan Specialty had a return on equity of 40.74% and a net margin of 10.11%. The business had revenue of $585.10 million during the quarter, compared to the consensus estimate of $575.80 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, analysts expect that Ryan Specialty Holdings, Inc. will post 1.34 earnings per share for the current year.
Institutional Investors Weigh In On Ryan Specialty
Several large investors have recently bought and sold shares of the business. Dfpg Investments LLC boosted its position in Ryan Specialty by 1.4% in the second quarter. Dfpg Investments LLC now owns 18,610 shares of the company’s stock worth $841,000 after purchasing an additional 250 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Ryan Specialty by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 35,957 shares of the company’s stock worth $1,447,000 after purchasing an additional 260 shares during the last quarter. Keybank National Association OH lifted its position in shares of Ryan Specialty by 3.3% during the 1st quarter. Keybank National Association OH now owns 8,220 shares of the company’s stock valued at $331,000 after buying an additional 260 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ryan Specialty by 3.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,318 shares of the company’s stock valued at $345,000 after buying an additional 281 shares in the last quarter. Finally, Torray Investment Partners LLC lifted its position in shares of Ryan Specialty by 0.7% during the 2nd quarter. Torray Investment Partners LLC now owns 39,009 shares of the company’s stock valued at $1,751,000 after buying an additional 290 shares in the last quarter. 30.56% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
RYAN has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays upped their price objective on shares of Ryan Specialty from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Ryan Specialty from $39.00 to $43.00 in a research report on Thursday, July 6th. Finally, Citigroup upped their price objective on shares of Ryan Specialty from $44.00 to $45.00 in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.29.
About Ryan Specialty
Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.
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