Wealth Enhancement Advisory Services LLC Sells 213 Shares of Ryan Specialty Holdings Inc. $RYAN

Wealth Enhancement Advisory Services LLC decreased its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,002 shares of the company’s stock after selling 213 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ryan Specialty were worth $801,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Ryan Specialty by 281.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after buying an additional 245 shares in the last quarter. SVB Wealth LLC bought a new position in Ryan Specialty in the first quarter valued at approximately $26,000. WPG Advisers LLC bought a new position in Ryan Specialty in the first quarter valued at approximately $32,000. Central Pacific Bank Trust Division bought a new position in Ryan Specialty in the second quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Ryan Specialty in the first quarter worth $35,000. Institutional investors own 84.82% of the company’s stock.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, Chairman Patrick G. Ryan purchased 276,634 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the purchase, the chairman owned 13,699,959 shares of the company’s stock, valued at approximately $710,205,874.56. The trade was a 2.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.21% of the company’s stock.

Ryan Specialty Price Performance

NYSE:RYAN opened at $55.91 on Friday. Ryan Specialty Holdings Inc. has a one year low of $50.08 and a one year high of $77.16. The company has a market cap of $14.74 billion, a P/E ratio of 159.76, a P/E/G ratio of 1.52 and a beta of 0.63. The firm’s fifty day moving average price is $56.84 and its two-hundred day moving average price is $64.62. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm had revenue of $855.17 million for the quarter, compared to the consensus estimate of $837.52 million. During the same period in the previous year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a $0.12 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Ryan Specialty’s dividend payout ratio is 137.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RYAN. Wolfe Research raised shares of Ryan Specialty to a “strong-buy” rating in a research report on Tuesday, September 16th. Cantor Fitzgerald raised shares of Ryan Specialty to a “hold” rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised shares of Ryan Specialty from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research report on Wednesday, September 17th. Citigroup initiated coverage on shares of Ryan Specialty in a research report on Wednesday, August 13th. They issued a “buy” rating and a $74.00 price objective on the stock. Finally, Barclays dropped their price target on shares of Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.92.

About Ryan Specialty

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.