Alliance Wealth Advisors LLC UT Has $530,000 Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Alliance Wealth Advisors LLC UT lessened its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 44.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,267 shares of the company’s stock after selling 6,526 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Ryan Specialty were worth $530,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RYAN. AQR Capital Management LLC bought a new stake in shares of Ryan Specialty during the second quarter worth about $261,000. Northwestern Mutual Wealth Management Co. grew its holdings in Ryan Specialty by 1,688.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,844 shares of the company’s stock worth $165,000 after acquiring an additional 2,685 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Ryan Specialty in the 2nd quarter valued at approximately $802,000. Handelsbanken Fonder AB increased its position in Ryan Specialty by 21.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 24,400 shares of the company’s stock valued at $1,620,000 after acquiring an additional 4,300 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Ryan Specialty by 106.4% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $83,000 after purchasing an additional 644 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Price Performance

RYAN stock opened at $68.54 on Wednesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day moving average is $66.52 and its 200-day moving average is $66.72. The stock has a market capitalization of $17.95 billion, a PE ratio of 89.01, a price-to-earnings-growth ratio of 1.16 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a 1 year low of $42.34 and a 1 year high of $75.97.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased 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. The Goldman Sachs Group lifted their price objective on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Morgan Stanley assumed coverage on shares of Ryan Specialty in a research report on Thursday, December 5th. They set an “overweight” rating and a $90.00 target price for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Barclays increased their price objective on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ryan Specialty presently has an average rating of “Hold” and a consensus price target of $74.40.

Insider Buying and Selling

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 31,409 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total transaction of $2,061,686.76. Following the completion of the sale, the director now owns 2,697 shares in the company, valued at approximately $177,031.08. The trade was a 92.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Stephen Katz sold 14,790 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the transaction, the executive vice president now directly owns 12,386 shares in the company, valued at $884,236.54. This trade represents a 54.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,296 shares of company stock valued at $22,463,709. 11.10% of the stock is owned by company insiders.

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.