IHT Wealth Management LLC Has $263,000 Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

IHT Wealth Management LLC decreased its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,959 shares of the company’s stock after selling 1,860 shares during the quarter. IHT Wealth Management LLC’s holdings in Ryan Specialty were worth $263,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RYAN. SG Americas Securities LLC increased its stake in shares of Ryan Specialty by 327.9% during the 2nd quarter. SG Americas Securities LLC now owns 19,481 shares of the company’s stock worth $1,128,000 after purchasing an additional 14,928 shares during the last quarter. Securian Asset Management Inc. bought a new position in Ryan Specialty during the second quarter valued at about $474,000. Bar Harbor Wealth Management lifted its position in shares of Ryan Specialty by 147.7% in the second quarter. Bar Harbor Wealth Management now owns 156,578 shares of the company’s stock worth $9,067,000 after buying an additional 93,364 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Ryan Specialty during the 2nd quarter worth about $1,668,000. Finally, Retirement Systems of Alabama acquired a new position in shares of Ryan Specialty during the 2nd quarter valued at about $7,316,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Analysts Set New Price Targets

RYAN has been the subject of several analyst reports. Bank of America boosted their target price on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group upped their price objective on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group raised their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays upped their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price objective on Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.50.

Ryan Specialty Trading Down 1.6 %

Shares of RYAN opened at $67.81 on Wednesday. The stock’s 50-day moving average price is $71.03 and its 200 day moving average price is $64.28. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 88.06, a P/E/G ratio of 1.63 and a beta of 0.67. Ryan Specialty Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $75.97.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. Ryan Specialty’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. As a group, research analysts predict that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio is 57.14%.

Insider Transactions at Ryan Specialty

In other news, Director David P. Bolger sold 7,055 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $70.88, for a total value of $500,058.40. Following the sale, the director now owns 78,149 shares in the company, valued at approximately $5,539,201.12. The trade was a 8.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Stephen Katz sold 14,790 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the sale, the executive vice president now owns 12,386 shares of the company’s stock, valued at $884,236.54. This trade represents a 54.42 % decrease in their position. The disclosure for this sale can be found here. 11.10% of the stock is owned by insiders.

About Ryan Specialty

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.