Ryan Specialty Holdings, Inc. (NYSE:RYAN) CEO Patrick G. Ryan Buys 288,038 Shares

Ryan Specialty Holdings, Inc. (NYSE:RYANGet Rating) CEO Patrick G. Ryan acquired 288,038 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were bought at an average cost of $38.26 per share, with a total value of $11,020,333.88. Following the completion of the transaction, the chief executive officer now directly owns 6,129,340 shares in the company, valued at approximately $234,508,548.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryan Specialty Stock Performance

NYSE RYAN opened at $38.49 on Tuesday. Ryan Specialty Holdings, Inc. has a 1-year low of $32.13 and a 1-year high of $46.40. The company has a market capitalization of $9.99 billion, a P/E ratio of 83.67 and a beta of 0.71. The business has a 50 day moving average price of $41.13 and a 200 day moving average price of $40.50. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.27 and a quick ratio of 1.27.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group cut their target price on Ryan Specialty to $48.00 in a research note on Wednesday, November 16th. Wells Fargo & Company cut their target price on Ryan Specialty from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, November 11th. Barclays cut their target price on Ryan Specialty to $49.00 in a research note on Wednesday, November 16th. JPMorgan Chase & Co. cut their target price on Ryan Specialty from $40.00 to $39.00 in a research note on Friday, November 11th. Finally, Royal Bank of Canada cut their target price on Ryan Specialty from $47.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Hedge Funds Weigh In On Ryan Specialty

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Ryan Specialty by 33.5% during the first quarter. SG Americas Securities LLC now owns 5,236 shares of the company’s stock worth $203,000 after buying an additional 1,314 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Ryan Specialty during the first quarter worth $26,000. Envestnet Asset Management Inc. increased its position in Ryan Specialty by 14.3% during the first quarter. Envestnet Asset Management Inc. now owns 16,484 shares of the company’s stock worth $639,000 after buying an additional 2,059 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new position in Ryan Specialty during the first quarter worth $394,000. Finally, Victory Capital Management Inc. increased its position in Ryan Specialty by 14.3% during the first quarter. Victory Capital Management Inc. now owns 1,602,862 shares of the company’s stock worth $62,160,000 after buying an additional 200,536 shares in the last quarter. 26.60% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Company Profile

(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.

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