Mawer Investment Management Ltd. Sells 11,430 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Mawer Investment Management Ltd. decreased its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 656,939 shares of the company’s stock after selling 11,430 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.25% of Ryan Specialty worth $38,043,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RYAN. Charles Schwab Investment Management Inc. raised its position in Ryan Specialty by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 621,861 shares of the company’s stock valued at $26,752,000 after purchasing an additional 22,646 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Ryan Specialty by 68.9% during the fourth quarter. Teacher Retirement System of Texas now owns 14,855 shares of the company’s stock worth $639,000 after acquiring an additional 6,058 shares during the last quarter. Torray Investment Partners LLC raised its position in shares of Ryan Specialty by 2.3% during the fourth quarter. Torray Investment Partners LLC now owns 40,996 shares of the company’s stock worth $1,764,000 after acquiring an additional 923 shares during the last quarter. Norges Bank bought a new stake in shares of Ryan Specialty during the fourth quarter worth $16,964,000. Finally, Firetrail Investments PTY Ltd. bought a new stake in shares of Ryan Specialty during the fourth quarter worth $4,180,000. Institutional investors own 84.82% of the company’s stock.

Insider Activity

In other Ryan Specialty news, President Timothy William Turner sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the sale, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.02, for a total value of $97,530.00. Following the sale, the director now owns 25,123 shares in the company, valued at approximately $1,633,497.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Timothy William Turner sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $62.45, for a total value of $124,900,000.00. Following the completion of the sale, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. The disclosure for this sale can be found here. Insiders have sold 2,107,136 shares of company stock worth $131,860,032 in the last 90 days. Corporate insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RYAN. Barclays began coverage on Ryan Specialty in a research report on Wednesday, September 4th. They set an “overweight” rating and a $76.00 target price for the company. Bank of America began coverage on Ryan Specialty in a research report on Wednesday, May 22nd. They set a “buy” rating and a $67.00 target price for the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $62.00 target price on shares of Ryan Specialty in a research report on Tuesday, July 2nd. UBS Group boosted their target price on Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company upped their price objective on Ryan Specialty from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.40.

Ryan Specialty Trading Up 0.4 %

NYSE:RYAN opened at $63.87 on Tuesday. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.03. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $16.70 billion, a PE ratio of 120.51, a price-to-earnings-growth ratio of 1.51 and a beta of 0.62. The business’s 50-day simple moving average is $61.90 and its 200-day simple moving average is $56.48.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The business had revenue of $695.40 million for the quarter, compared to analysts’ expectations of $695.56 million. During the same quarter in the previous year, the business posted $0.45 EPS. Ryan Specialty’s revenue for the quarter was up 18.9% on a year-over-year basis. Sell-side analysts expect that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, August 13th. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.

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.