Y Intercept Hong Kong Ltd purchased a new position in Ryan Specialty Holdings, Inc. (NYSE:RYAN – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,123 shares of the company’s stock, valued at approximately $206,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of Ryan Specialty by 12.1% in the 1st quarter. Russell Investments Group Ltd. now owns 246,065 shares of the company’s stock worth $9,902,000 after buying an additional 26,562 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Ryan Specialty by 92.8% during the 1st quarter. Brown Advisory Inc. now owns 80,000 shares of the company’s stock valued at $3,219,000 after purchasing an additional 38,500 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Ryan Specialty by 0.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 1,138,597 shares of the company’s stock valued at $45,817,000 after purchasing an additional 6,068 shares during the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of Ryan Specialty by 73.7% during the 1st quarter. Arcadia Investment Management Corp MI now owns 1,407 shares of the company’s stock valued at $57,000 after purchasing an additional 597 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Ryan Specialty by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 35,957 shares of the company’s stock valued at $1,447,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 30.56% of the company’s stock.
Insider Activity at Ryan Specialty
In related news, Director Corp Onex sold 8,310,091 shares of Ryan Specialty stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $43.45, for a total transaction of $361,073,453.95. Following the completion of the transaction, the director now directly owns 4,145,621 shares of the company’s stock, valued at approximately $180,127,232.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 4,283 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $44.68, for a total transaction of $191,364.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Corp Onex sold 8,310,091 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $43.45, for a total transaction of $361,073,453.95. Following the sale, the director now owns 4,145,621 shares of the company’s stock, valued at $180,127,232.45. The disclosure for this sale can be found here. Insiders sold a total of 8,913,223 shares of company stock valued at $387,820,429 in the last three months. Company insiders own 54.51% of the company’s stock.
Wall Street Analyst Weigh In
RYAN has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of Ryan Specialty from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, August 4th. JPMorgan Chase & Co. increased their target price on shares of Ryan Specialty from $39.00 to $43.00 in a report on Thursday, July 6th. Finally, Barclays increased their target price on shares of Ryan Specialty from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.29.
View Our Latest Report on RYAN
Ryan Specialty Trading Up 1.3 %
NYSE:RYAN opened at $45.11 on Monday. The company has a 50-day moving average price of $44.20 and a 200-day moving average price of $42.27. Ryan Specialty Holdings, Inc. has a 12 month low of $32.13 and a 12 month high of $46.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.06. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 75.18 and a beta of 0.45.
Ryan Specialty (NYSE:RYAN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The company reported $0.45 EPS for the quarter,…
Read More: Y Intercept Hong Kong Ltd Makes New $206,000 Investment in Ryan Specialty