LPL Financial LLC Buys 1,678 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

LPL Financial LLC increased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,995 shares of the company’s stock after acquiring an additional 1,678 shares during the quarter. LPL Financial LLC’s holdings in Ryan Specialty were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Ryan Specialty by 524.8% during the first quarter. Royal Bank of Canada now owns 781 shares of the company’s stock worth $31,000 after buying an additional 656 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in Ryan Specialty during the second quarter worth $44,000. BOKF NA acquired a new position in Ryan Specialty during the first quarter worth $49,000. American International Group Inc. purchased a new stake in shares of Ryan Specialty in the second quarter valued at about $50,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Ryan Specialty in the second quarter valued at about $51,000. 34.09% of the stock is owned by institutional investors.

Ryan Specialty Trading Down 0.6 %

Shares of RYAN opened at $44.97 on Friday. The firm’s 50 day simple moving average is $46.93 and its 200 day simple moving average is $45.07. The company has a market capitalization of $11.70 billion, a P/E ratio of 95.68 and a beta of 0.46. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.20 and a quick ratio of 1.20. Ryan Specialty Holdings, Inc. has a 1-year low of $34.04 and a 1-year high of $50.64.

Insiders Place Their Bets

In other Ryan Specialty news, Director David P. Bolger sold 10,580 shares of Ryan Specialty stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $44.58, for a total transaction of $471,656.40. Following the transaction, the director now directly owns 85,204 shares of the company’s stock, valued at $3,798,394.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 54.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RYAN shares. Wolfe Research started coverage on shares of Ryan Specialty in a report on Thursday, September 21st. They issued an “outperform” rating and a $59.00 target price for the company. Citigroup increased their price target on shares of Ryan Specialty from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, October 10th. BMO Capital Markets lowered shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $53.00 to $49.00 in a research report on Monday, October 30th. Barclays increased their price target on shares of Ryan Specialty from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Finally, Wells Fargo & Company increased their price target on shares of Ryan Specialty from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.83.

Ryan Specialty Company Profile

Ryan Specialty 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.