We wouldn't blame Ryan Specialty Holdings, Inc. (NYSE:RYAN) shareholders if they were a little worried about the fact that Nicholas Cortezi, the Director recently netted about US$6.8m selling shares at an average price of US$64.95. That diminished their holding by a very significant 77%, which arguably implies a strong desire to reallocate capital.
The Last 12 Months Of Insider Transactions At Ryan Specialty Holdings
Notably, that recent sale by Nicholas Cortezi is the biggest insider sale of Ryan Specialty Holdings shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$64.16. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Ryan Specialty Holdings insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Insider Ownership Of Ryan Specialty Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Ryan Specialty Holdings insiders own 8.9% of the company, worth about US$1.5b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Ryan Specialty Holdings Insiders?
Insiders sold Ryan Specialty Holdings shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Ryan Specialty Holdings makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ryan Specialty Holdings. Every company has risks, and we've spotted 3 warning signs for Ryan Specialty Holdings you should know about.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.