Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 37,156 shares of the company’s stock after selling 305 shares during the quarter. Yousif Capital Management LLC’s holdings in Ryan Specialty were worth $2,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of RYAN. Retirement Systems of Alabama lifted its holdings in shares of Ryan Specialty by 4.1% in the fourth quarter. Retirement Systems of Alabama now owns 129,368 shares of the company’s stock valued at $8,300,000 after purchasing an additional 5,099 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Ryan Specialty by 9.9% in the fourth quarter. DAVENPORT & Co LLC now owns 4,144 shares of the company’s stock valued at $266,000 after purchasing an additional 374 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Ryan Specialty in the fourth quarter valued at $92,000. Pacer Advisors Inc. lifted its holdings in shares of Ryan Specialty by 95.0% in the fourth quarter. Pacer Advisors Inc. now owns 29,098 shares of the company’s stock valued at $1,867,000 after purchasing an additional 14,173 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Ryan Specialty by 1,803.6% in the fourth quarter. KBC Group NV now owns 46,181 shares of the company’s stock valued at $2,963,000 after purchasing an additional 43,755 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Activity

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the sale, the director now directly owns 60,200 shares of the company’s stock, valued at $4,015,942. The trade was a 36.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David P. Bolger sold 7,055 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $70.88, for a total transaction of $500,058.40. Following the transaction, the director now owns 78,149 shares in the company, valued at $5,539,201.12. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 323,506 shares of company stock valued at $21,407,851 in the last quarter. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

RYAN has been the subject of a number of research analyst reports. Barclays increased their target price on Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Morgan Stanley started coverage on Ryan Specialty in a report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company cut their price objective on Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.40.

Ryan Specialty Price Performance

RYAN opened at $67.88 on Tuesday. The company has a fifty day moving average price of $66.00 and a two-hundred day moving average price of $66.99. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings, Inc. has a 52 week low of $43.26 and a 52 week high of $75.97. The firm has a market capitalization of $17.77 billion, a PE ratio of 88.16, a P/E/G ratio of 1.19 and a beta of 0.72.

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.