Firetrail Investments PTY Ltd. Sells 3,813 Shares of Ryan Specialty Holdings Inc. $RYAN

Firetrail Investments PTY Ltd. lessened its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,533 shares of the company’s stock after selling 3,813 shares during the period. Ryan Specialty comprises 2.4% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 23rd biggest holding. Firetrail Investments PTY Ltd. owned approximately 0.05% of Ryan Specialty worth $9,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RYAN. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after purchasing an additional 245 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Ryan Specialty during the first quarter worth about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Ryan Specialty during the second quarter worth about $31,000. WPG Advisers LLC bought a new stake in shares of Ryan Specialty during the first quarter worth about $32,000. Finally, Quarry LP grew its holdings in shares of Ryan Specialty by 977.8% during the first quarter. Quarry LP now owns 582 shares of the company’s stock worth $43,000 after purchasing an additional 528 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Insider Transactions at Ryan Specialty

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

Ryan Specialty Price Performance

Ryan Specialty stock opened at $55.01 on Friday. The stock’s 50 day moving average is $54.51 and its 200 day moving average is $61.95. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $14.51 billion, a P/E ratio of 119.58, a P/E/G ratio of 1.51 and a beta of 0.63. Ryan Specialty Holdings Inc. has a one year low of $50.08 and a one year high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $754.58 million for the quarter, compared to analyst estimates of $742.35 million. Ryan Specialty had a return on equity of 49.21% and a net margin of 7.61%.The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, research analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 0.9%. Ryan Specialty’s payout ratio is 104.35%.

Wall Street Analysts Forecast Growth

RYAN has been the topic of several research reports. Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Ryan Specialty in a report on Wednesday, October 8th. Morgan Stanley reduced their price target on Ryan Specialty from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. UBS Group reduced their price target on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Ryan Specialty in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ryan Specialty presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.58.

Ryan Specialty Profile

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.