Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get 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
About Ryan Specialty
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.
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