American Century Companies Inc. Sells 436,689 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

American Century Companies Inc. trimmed its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 27.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,126,912 shares of the company’s stock after selling 436,689 shares during the period. American Century Companies Inc. owned 0.43% of Ryan Specialty worth $65,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of RYAN. Nebula Research & Development LLC purchased a new position in shares of Ryan Specialty in the fourth quarter worth about $1,284,000. Capstone Investment Advisors LLC purchased a new position in Ryan Specialty in the 1st quarter valued at approximately $727,000. Securian Asset Management Inc. bought a new stake in Ryan Specialty during the 2nd quarter valued at $474,000. Embree Financial Group purchased a new stake in shares of Ryan Specialty during the first quarter worth $1,701,000. Finally, Geneva Capital Management LLC boosted its holdings in shares of Ryan Specialty by 12.0% in the first quarter. Geneva Capital Management LLC now owns 475,552 shares of the company’s stock worth $26,393,000 after acquiring an additional 50,947 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RYAN shares. Citigroup boosted their price objective on Ryan Specialty from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Bank of America initiated coverage on shares of Ryan Specialty in a report on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 price target on the stock. Barclays began coverage on shares of Ryan Specialty in a research note on Wednesday, September 4th. They set an “overweight” rating and a $76.00 price objective for the company. UBS Group increased their target price on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Ryan Specialty from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.40.

Ryan Specialty Stock Up 0.8 %

RYAN opened at $64.08 on Monday. The business’s fifty day simple moving average is $62.38 and its 200 day simple moving average is $56.92. Ryan Specialty Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $69.03. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81. The stock has a market cap of $16.75 billion, a PE ratio of 120.91, a P/E/G ratio of 1.51 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $695.40 million for the quarter, compared to analyst estimates of $695.56 million. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. As a group, research analysts expect that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.11 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.69%. Ryan Specialty’s payout ratio is 83.02%.

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 1,500 shares of Ryan Specialty stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.02, for a total value of $97,530.00. Following the transaction, the director now owns 25,123 shares in the company, valued at approximately $1,633,497.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Nicholas Dominic Cortezi sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.02, for a total transaction of $97,530.00. Following the transaction, the director now directly owns 25,123 shares in the company, valued at approximately $1,633,497.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Timothy William Turner sold 2,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the president now owns 8,095 shares of the company’s stock, valued at approximately $505,532.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,107,136 shares of company stock valued at $131,860,032. Corporate insiders own 11.10% of the company’s stock.

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.