Ryan Specialty Holdings Inc (NYSE: RYAN) is 21.93% higher on its value in year-to-date trading and has touched a low of $39.27 and a high of $56.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RYAN stock was last observed hovering at around $52.38 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $52.23, the stock is -4.71% and 6.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -0.29% at the moment leaves the stock 13.26% off its SMA200. RYAN registered 30.35% gain for a year compared to 6-month gain of 10.06%. The firm has a 50-day simple moving average (SMA 50) of $3.63.
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The stock witnessed a -1.20% loss in the last 1 month and extending the period to 3 months gives it a 22.44%, and is -5.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 1.89% over the month.
Ryan Specialty Holdings Inc (RYAN) has around 4350 employees, a market worth around $6.20B and $2.10B in sales. Current P/E ratio is 102.37 and Fwd P/E is 24.84. Profit margin for the company is 2.87%. Distance from 52-week low is 33.00% and -7.58% from its 52-week high. The company has generated returns on investments over the last 12 months (2.27%).
Ryan Specialty Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $547.86M over the same period.The EPS is expected to grow by 26.31% this year, but quarterly earnings will post 18.90% year-over-year. Quarterly sales are estimated to grow 19.70% in year-over-year returns.
335 institutions hold shares in Ryan Specialty Holdings Inc (RYAN), with institutional investors hold 99.30% of the company’s shares. The shares outstanding are 118.59M, and float is at 96.39M with Short Float at 5.41%. Institutions hold 84.06% of the Float.
The top institutional shareholder in the company is Kayne Anderson Rudnick Investment Management LLC with over 10.61 million shares valued at $476.19 million. The investor’s holdings represent 9.11% of the RYAN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.77 million shares valued at $393.71 million to account for 7.53% of the shares outstanding. The other top investors are Capital World Investors which holds 5.89 million shares representing 5.06% and valued at over $264.32 million, while Zimmer Partners, Lp holds 4.14% of the shares totaling 4.82 million with a market value of $216.19 million.
Ryan Specialty Holdings Inc (RYAN) Insider Activity
The most recent transaction is an insider sale by BOLGER DAVID P, the company’s Director. SEC filings show that BOLGER DAVID P sold 10,580 shares of the company’s common stock on Nov 13 ’23 at a price of $44.58 per share for a total of $0.47 million. Following the sale, the insider now owns 85204.0 shares.
Ryan Specialty Holdings Inc disclosed in a document filed with the SEC on Aug 18 ’23 that CORTEZI NICHOLAS DOMINIC (Director) sold a total of 4,283 shares of the company’s common stock. The trade occurred on Aug 18 ’23 and was made at $44.68 per share for $0.19 million. Following the transaction, the insider now directly holds 0.0 shares of the RYAN stock.
Still, SEC filings show that on Aug 17 ’23, CORTEZI NICHOLAS DOMINIC (Director) disposed off 25,000 shares at an average price of $45.05 for $1.13 million. The insider now directly holds 0 shares of Ryan Specialty Holdings Inc (RYAN).
