Patrick G. Ryan Acquires 285,058 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock

Ryan Specialty Holdings, Inc. (NYSE:RYANGet Rating) CEO Patrick G. Ryan acquired 285,058 shares of Ryan Specialty stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average price of $38.78 per share, with a total value of $11,054,549.24. Following the completion of the acquisition, the chief executive officer now directly owns 6,415,682 shares of the company’s stock, valued at $248,800,147.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ryan Specialty Stock Up 3.2 %

RYAN opened at $38.53 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.58. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 83.76 and a beta of 0.71. Ryan Specialty Holdings, Inc. has a twelve month low of $32.13 and a twelve month high of $46.40. The company’s 50-day moving average price is $40.81 and its two-hundred day moving average price is $40.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in shares of Ryan Specialty by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 41,273 shares of the company’s stock valued at $1,677,000 after purchasing an additional 325 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Ryan Specialty by 1.3% in the third quarter. Treasurer of the State of North Carolina now owns 35,247 shares of the company’s stock valued at $1,432,000 after purchasing an additional 460 shares during the period. California State Teachers Retirement System raised its position in shares of Ryan Specialty by 0.8% in the first quarter. California State Teachers Retirement System now owns 60,793 shares of the company’s stock valued at $2,358,000 after purchasing an additional 466 shares during the period. Renaissance Capital LLC raised its position in shares of Ryan Specialty by 2.6% in the first quarter. Renaissance Capital LLC now owns 24,645 shares of the company’s stock valued at $956,000 after purchasing an additional 631 shares during the period. Finally, Credit Suisse AG raised its position in shares of Ryan Specialty by 0.9% in the third quarter. Credit Suisse AG now owns 70,648 shares of the company’s stock valued at $2,870,000 after purchasing an additional 656 shares during the period. 26.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on RYAN. UBS Group cut their price target on shares of Ryan Specialty to $48.00 in a report on Wednesday, November 16th. Wells Fargo & Company cut 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 report on Friday, November 11th. Royal Bank of Canada cut their price target on shares of Ryan Specialty from $47.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday, November 11th. JPMorgan Chase & Co. cut their price target on shares of Ryan Specialty from $40.00 to $39.00 in a report on Friday, November 11th. Finally, Barclays cut their price target on shares of Ryan Specialty to $49.00 in a report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.00.

Ryan Specialty Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Ryan Specialty (NYSE:RYAN)

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