Exchange Traded Concepts LLC Takes $761,000 Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Exchange Traded Concepts LLC bought a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,465 shares of the company’s stock, valued at approximately $761,000.

A number of other institutional investors have also modified their holdings of RYAN. GAMMA Investing LLC grew its position in shares of Ryan Specialty by 96.4% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after buying an additional 297 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Ryan Specialty during the 2nd quarter valued at about $39,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Ryan Specialty during the 1st quarter valued at about $45,000. Rothschild Investment LLC bought a new stake in shares of Ryan Specialty during the 2nd quarter valued at about $87,000. Finally, RiverPark Advisors LLC grew its position in shares of Ryan Specialty by 360.6% during the 1st quarter. RiverPark Advisors LLC now owns 2,773 shares of the company’s stock valued at $154,000 after buying an additional 2,171 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, President Timothy William Turner sold 2,000,000 shares of the company’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 transaction, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ryan Specialty news, President Timothy William Turner sold 2,000,000 shares of the company’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 transaction, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicholas Dominic Cortezi sold 1,500 shares of the stock in a transaction 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 owns 25,123 shares in the company, valued at approximately $1,633,497.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,107,136 shares of company stock worth $131,860,032. 11.10% of the stock is currently owned by company insiders.

Ryan Specialty Stock Down 0.8 %

RYAN stock opened at $70.00 on Friday. Ryan Specialty Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $73.10. The firm has a market cap of $18.23 billion, a PE ratio of 132.08, a P/E/G ratio of 1.63 and a beta of 0.62. The firm has a 50 day simple moving average of $66.27 and a 200 day simple moving average of $59.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.09 and a quick ratio of 1.09.

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

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.44 annualized dividend and a yield of 0.63%. Ryan Specialty’s dividend payout ratio is presently 83.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RYAN shares. Wells Fargo & Company boosted their price objective on shares of Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. BMO Capital Markets upgraded shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upped their target price on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. UBS Group upped their target price on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group upped their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.33.

Ryan Specialty 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.