Insider Selling: Ryan Specialty Holdings, Inc. (NYSE:RYAN) Insider Sells $1,106,000.00 in Stock

Posted by admin on May 26th, 2023

Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get Rating) insider Nicholas Dominic Cortezi sold 25,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $44.24, for a total value of $1,106,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Nicholas Dominic Cortezi also recently made the following trade(s):

On Friday, May 19th, 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 value of $1,113,750.00.
On Wednesday, May 17th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $43.63, for a total value of $1,090,750.00.
On Monday, May 15th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $43.52, for a total value of $1,088,000.00.
On Friday, May 12th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $43.13, for a total value of $1,078,250.00.
On Wednesday, May 10th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $42.96, for a total value of $1,074,000.00.
On Monday, May 8th, Nicholas Dominic Cortezi sold 4,750 shares of Ryan Specialty stock. The shares were sold at an average price of $43.10, for a total value of $204,725.00.
On Friday, May 5th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $42.45, for a total value of $1,061,250.00.
On Thursday, April 13th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $42.10, for a total value of $1,052,500.00.
On Tuesday, April 11th, Nicholas Dominic Cortezi sold 6,171 shares of Ryan Specialty stock. The stock was sold at an average price of $42.03, for a total value of $259,367.13.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $41.24 on Friday. The stock has a 50-day moving average price of $41.14 and a 200 day moving average price of $40.98. Ryan Specialty Holdings, Inc. has a 12-month low of $32.13 and a 12-month high of $46.40. The stock has a market capitalization of $10.71 billion, a P/E ratio of 73.64 and a beta of 0.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.29.

Ryan Specialty (NYSE:RYAN – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Ryan Specialty had a return on equity of 40.74% and a net margin of 10.11%. The company had revenue of $457.90 million during the quarter, compared to analyst estimates of $441.53 million. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. Equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Ryan Specialty from $49.00 to $50.00 in a research report on Friday, May 5th. TheStreet upgraded Ryan Specialty from a “d” rating to a “c-” rating in a research report on Thursday, March 23rd. Finally, Citigroup increased their target price on 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 issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.88.

Hedge Funds Weigh In On Ryan Specialty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC bought a new position in Ryan Specialty during the third quarter valued at approximately $226,000. Two Sigma Investments LP lifted its stake in shares of Ryan Specialty by 2,000.5% in the 3rd quarter. Two Sigma Investments LP now owns 277,266 shares of the company’s stock valued at $11,263,000 after purchasing an additional 264,066 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $1,592,000. Raymond James & Associates bought a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $303,000. Finally, Point72 Asset Management L.P. lifted its stake in shares of Ryan Specialty by 231.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 136,502 shares of the company’s stock valued at $5,545,000 after purchasing an additional 95,302 shares during the last quarter. 26.82% of the stock is owned by institutional investors.

About Ryan Specialty

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Ryan Specialty Group 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.