Michael Conklin, the Executive Vice President and Chief Human Resources Officer at Ryan Specialty Holdings (NYSE:RYAN), recently reported a sale of company stock. The transaction comes as the company’s shares trade near their 52-week high of $75.97, having delivered an impressive 44.3% return over the past year and 17.19% year-to-date. According to a filing with the Securities and Exchange Commission, Conklin sold 2,902 shares of Class A Common Stock on April 1, 2025, at a price of $73.87 per share, totaling approximately $214,370.
The transaction was part of a series of equity activities by Conklin. On the same day, he acquired 7,637 shares through the vesting of Restricted Stock Units (RSUs), which do not involve a direct purchase price. Following these transactions, Conklin holds a total of 30,545 shares directly.
In other recent news, Ryan Specialty reported its quarterly Operating EPS of $0.45, aligning with the consensus estimate. This performance was driven by higher-than-expected commissions and fees, although it was offset by increased compensation and general administrative expenses. The company has also adjusted its guidance for fiscal year 2025, projecting an organic growth rate of 11-13% and an adjusted EBITDAC margin of 32.5-33.5%, which did not meet expectations. Consequently, Keefe, Bruyette & Woods revised Ryan Specialty’s earnings per share estimates for 2025 and 2026 to $2.08 and $2.60, respectively, down from prior estimates.
Furthermore, Ryan Specialty has finalized its acquisition of Velocity Risk Underwriters, a move that enhances its capabilities in insurance coverage for catastrophe-exposed properties. The acquisition was completed with an upfront cash consideration of $525 million, excluding certain elements, and was facilitated by Oaktree Capital Management. Velocity, known for its expertise in first-party insurance for high-risk properties, will operate under Ryan Specialty’s Underwriting Managers division. This strategic acquisition is part of Ryan Specialty’s broader strategy to expand its market presence and service offerings in the specialty insurance sector.
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