Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Buys $396,092.50 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYANGet Rating) Director Michael D. Ohalleran acquired 11,750 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average cost of $33.71 per share, for a total transaction of $396,092.50. Following the completion of the transaction, the director now directly owns 564,228 shares in the company, valued at approximately $19,020,125.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ryan Specialty Trading Up 8.4 %

Shares of Ryan Specialty stock opened at $37.51 on Friday. The stock has a market capitalization of $9.74 billion, a PE ratio of 81.54 and a beta of 0.71. Ryan Specialty Holdings, Inc. has a 1-year low of $32.13 and a 1-year high of $46.40. The company’s fifty day simple moving average is $41.13 and its 200-day simple moving average is $40.46. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.27 and a quick ratio of 1.27.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays lowered their price target on Ryan Specialty to $49.00 in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Ryan Specialty from $40.00 to $39.00 in a research note on Friday, November 11th. Royal Bank of Canada lowered their price objective on shares of Ryan Specialty from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Friday, November 11th. UBS Group dropped their price target on shares of Ryan Specialty to $48.00 in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of Ryan Specialty from $44.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Friday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

Institutional Trading of Ryan Specialty

Several institutional investors and hedge funds have recently modified their holdings of RYAN. SG Americas Securities LLC raised its position in shares of Ryan Specialty by 33.5% during the 1st quarter. SG Americas Securities LLC now owns 5,236 shares of the company’s stock valued at $203,000 after purchasing an additional 1,314 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Ryan Specialty during the 1st quarter valued at $26,000. Atria Investments LLC raised its position in shares of Ryan Specialty by 20.1% during the 1st quarter. Atria Investments LLC now owns 122,867 shares of the company’s stock valued at $4,766,000 after purchasing an additional 20,593 shares during the period. Cannon Global Investment Management LLC bought a new stake in shares of Ryan Specialty during the 1st quarter valued at $811,000. Finally, Torray LLC raised its position in shares of Ryan Specialty by 31.4% during the 1st quarter. Torray LLC now owns 41,206 shares of the company’s stock valued at $1,598,000 after purchasing an additional 9,856 shares during the period. 26.60% of the stock is currently owned by institutional investors.

About Ryan Specialty

(Get Rating)

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.

Featured Stories

Receive News & Ratings for Ryan Specialty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryan Specialty and related companies with MarketBeat.com's FREE daily email newsletter.