State of Alaska Department of Revenue Raises Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

State of Alaska Department of Revenue boosted its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,130 shares of the company’s stock after acquiring an additional 190 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ryan Specialty were worth $778,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in Ryan Specialty in the 3rd quarter worth about $25,000. Assetmark Inc. purchased a new stake in shares of Ryan Specialty in the third quarter valued at approximately $34,000. Quarry LP raised its stake in shares of Ryan Specialty by 109.3% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after buying an additional 422 shares during the period. Signaturefd LLC lifted its position in shares of Ryan Specialty by 12.3% during the 3rd quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock valued at $89,000 after buying an additional 148 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Ryan Specialty by 26.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock valued at $91,000 after acquiring an additional 286 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RYAN. Morgan Stanley assumed coverage on shares of Ryan Specialty in a research report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods reduced their price target on shares of Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays lifted their price objective on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company reduced their target price on Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.40.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director David P. Bolger sold 7,055 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $70.88, for a total transaction of $500,058.40. Following the completion of the sale, the director now owns 78,149 shares of the company’s stock, valued at $5,539,201.12. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicholas Dominic Cortezi sold 31,409 shares of Ryan Specialty stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total value of $2,061,686.76. Following the completion of the sale, the director now owns 2,697 shares in the company, valued at $177,031.08. This represents a 92.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 323,506 shares of company stock worth $21,407,851 in the last quarter. Company insiders own 11.10% of the company’s stock.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock opened at $68.75 on Friday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $65.53 and its 200 day moving average price is $67.11. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 89.29, a PEG ratio of 1.19 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a one year low of $44.84 and a one year high of $75.97.

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.