Ryan Specialty Holdings Inc. $RYAN Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,259 shares of the company’s stock after selling 228 shares during the quarter. Yousif Capital Management LLC’s holdings in Ryan Specialty were worth $2,465,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in Ryan Specialty by 281.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after acquiring an additional 245 shares during the period. SVB Wealth LLC purchased a new position in shares of Ryan Specialty during the 1st quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new position in shares of Ryan Specialty during the 2nd quarter valued at about $31,000. WPG Advisers LLC purchased a new position in shares of Ryan Specialty during the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Ryan Specialty during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Price Performance

NYSE:RYAN opened at $52.87 on Friday. Ryan Specialty Holdings Inc. has a 12 month low of $50.08 and a 12 month high of $77.16. The stock has a 50 day moving average of $55.86 and a two-hundred day moving average of $63.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The firm has a market cap of $13.94 billion, a P/E ratio of 151.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The company had revenue of $855.17 million during the quarter, compared to analyst estimates of $837.52 million. During the same period in the previous year, the business earned $0.58 EPS. Ryan Specialty’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, August 12th. Ryan Specialty’s payout ratio is 137.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RYAN shares. Morgan Stanley cut their price target on Ryan Specialty from $68.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Ryan Specialty in a research note on Wednesday, October 8th. Citigroup started coverage on Ryan Specialty in a research note on Wednesday, August 13th. They issued a “buy” rating and a $74.00 price target for the company. Cantor Fitzgerald upgraded Ryan Specialty to a “hold” rating in a research note on Wednesday, August 13th. Finally, UBS Group cut their price target on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ryan Specialty has a consensus rating of “Moderate Buy” and an average target price of $71.08.

Insider Buying and Selling

In related news, Chairman Patrick G. Ryan bought 276,634 shares of the stock in a transaction dated Friday, September 12th. The shares were acquired at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the acquisition, the chairman directly owned 13,699,959 shares in the company, valued at approximately $710,205,874.56. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 52.21% of the company’s stock.

About Ryan Specialty

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.