Nicholas Dominic Cortezi Sells 25,000 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get Rating) insider Nicholas Dominic Cortezi sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $43.63, for a total transaction of $1,090,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, May 15th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $43.52, for a total transaction of $1,088,000.00.
• On Friday, May 12th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The stock was sold at an average price of $43.13, for a total transaction 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 transaction 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 transaction of $204,725.00.
• On Friday, May 5th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $42.45, for a total transaction of $1,061,250.00.
• On Thursday, April 13th, Nicholas Dominic Cortezi sold 25,000 shares of Ryan Specialty stock. The shares were sold at an average price of $42.10, for a total transaction 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 transaction of $259,367.13.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $44.32 on Friday. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 79.14 and a beta of 0.43. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.25 and a current ratio of 1.25. Ryan Specialty Holdings, Inc. has a 52 week low of $32.13 and a 52 week high of $46.40. The firm’s 50-day simple moving average is $40.77 and its two-hundred day simple moving average is $41.02.

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

Institutional Trading of Ryan Specialty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Ryan Specialty by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,559,285 shares of the company’s stock worth $307,058,000 after buying an additional 405,000 shares in the last quarter. BlackRock Inc. raised its holdings in Ryan Specialty by 1.4% during the 1st quarter. BlackRock Inc. now owns 3,540,239 shares of the company’s stock valued at $142,459,000 after buying an additional 47,774 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in Ryan Specialty by 15.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,886,848 shares of the company’s stock valued at $117,264,000 after buying an additional 380,614 shares during the last quarter. Blair William & Co. IL raised its holdings in Ryan Specialty by 1.1% in the 1st quarter. Blair William & Co. IL now owns 2,548,128 shares of the company’s stock worth $102,537,000 after purchasing an additional 27,927 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Ryan Specialty by 515.7% in the 4th quarter. Morgan Stanley now owns 2,467,647 shares of the company’s stock worth $102,432,000 after purchasing an additional 2,066,855 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on RYAN. TheStreet raised shares of Ryan Specialty from a “d” rating to a “c-” rating in a research note on Thursday, March 23rd. Citigroup lifted their price objective on shares of Ryan Specialty from $44.00 to $45.00 in a report on Tuesday, April 18th. Finally, Wells Fargo & Company boosted their price target on shares of Ryan Specialty from $49.00 to $50.00 in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and a consensus price target of $46.88.

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.