The Motley FoolT3·4mo ago
RYAN Ryan Specialty Holdings, Inc.
XNYS
43.58
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
RYAN
$43.58
—
Key stats
$43.58
- 52-Week Range
- $29.28 – $58.94
- YTD
- -13.88%
- IV Rank (30D)
- 84.72
- Straddle Price
- $5.93
- P/C Vol Ratio
- 12.02
- Market Cap
- $5.4B
- Open
- $43.98
- Day Range
- $43.33 – $44.49
- Volume
- 1,662,027
- Prev Close
- $44.49
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.12% |
| Beta vs SPY | 0.52 |
| Cost of Equity (CAPM) | 7.71% (VRP-adj) |
| WACC | 7.09% |
| Volatility Risk Premium | +23.9pp (IV − HV30) |
| Effective Tax Rate | 14.0% |
| Rev. Growth (YoY, DCF input) | +22.1% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.5B |
| Return on Equity (TTM) | 19.4% |
| Book / Price | 13.4% |
| Gross Margin (TTM) | 39.5% |
| FCF Margin (TTM) | 15.6% |
| Debt / Equity | 3.51 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +2.5% (reverse-DCF on current price) |
| SMA 50 | $40.28 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $38.99 |
| Bollinger Width / SMA20 | 54.8% (drives anchor stability) |
| Net Debt | $3.4B |
| Market Cap | $8B |
Peers used for multiples: AIG, AJG, AON, CB, MRSH, PGR, TRV, WRB
60-Day Conviction
25%
20-Day Fair Value
≈ by Nov 23, 2026
$43.78
α +0.4%
rank 73%
conviction
29%
40-Day Fair Value
≈ by Dec 22, 2026
$44.29
α +1.6%
rank 77%
conviction
52%
60-Day Fair Value
≈ by Jan 20, 2027
$43.88
α +0.7%
rank 78%
conviction
25%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $191.70 | 23% | |
| DDM (Gordon) | $19.72 | 0% | |
| Peer P/E | $11.38 | 10% | median 14.4× · 8 peers |
| Peer EV/EBITDA | $32.14 | 10% | median 11.0× · 8 peers |
| Peer P/B | $16.97 | 2% | median 2.8× · 8 peers |
| Peer P/S | $41.63 | 7% | median 2.0× · 8 peers |
| Market Anchor (SMA50) | $40.28 | 31% | stability 69% (BB-width) |
| Options Expected (B-L 30d) | $44.60 | 17% | 15 strikes · skew +0.33 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- INSURANCE AGENTS, BROKERS & SERVICE (6411) · industry map
- Exchange
- XNYS
- Market Cap
- $5.4B
- Employees
- 6,171
- List Date
- 2021-07-22
- CIK
- 0001849253
- Next Earnings
- 2026-10-29 (After-Close)
- EPS Forecast
- $0.49 (6 est.)
- Headquarters
- Chicago, IL
- Homepage
- https://www.ryanspecialty.com
Ryan Specialty Holdings Inc is an international specialty insurance intermediary providing specialty products, solutions, and services for insurance brokers, agents, and carriers. The company offers wholesale insurance brokerage and delegated underwriting authority products and services, including distribution, underwriting, product development, administration, and risk management. Its expertise spans property, casualty, professional lines, transportation, personal lines, workers compensation, and employee benefits insurance, across traditional insurance and alternative risk solutions. The com…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -5.41% | 2.06% | 1.12% | 6.31% | -4.60% | -0.10% |
| Feb | -- | 7.31% | -0.64% | 22.33% | 3.77% | -17.16% | 3.12% |
| Mar | -- | -0.94% | -2.75% | 3.53% | 6.33% | -16.09% | -1.98% |
| Apr | -- | -6.92% | 1.09% | -9.00% | -11.25% | 5.27% | -4.16% |
| May | -- | 1.19% | -0.92% | 5.93% | 10.43% | 3.31% | 3.99% |
| Jun | -- | 3.98% | 8.48% | 2.03% | -5.53% | 14.04% | 4.60% |
| Jul | 7.27% | 8.10% | -2.78% | 8.51% | -9.51% | 9.54% | 3.52% |
| Aug | 9.74% | -0.28% | 11.58% | 3.39% | -2.28% | -3.32% | 3.14% |
| Sep | 4.50% | -2.19% | -1.18% | 3.11% | 1.68% | -12.57% | -1.11% |
| Oct | 12.77% | 8.99% | -9.36% | -3.42% | 0.61% | 13.55%* | 3.86% |
| Nov | 2.85% | -10.92% | 6.25% | 13.03% | 8.95% | -- | 4.03% |
| Dec | 4.91% | 1.49% | -4.63% | -13.34% | -11.56% | -- | -4.63% |
| Total | 49.68% | 2.31% | 5.50% | 37.84% | -5.34% | -13.53% | 12.74% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $39.28
SMA 50: $40.30
SMA 200: $39.15
Current: $43.59
EMA 12: $41.10
EMA 26: $40.14
MACD: 0.9571 | Signal: 0.7921
BULLISH
ADX (14): 28.93
TREND
+DI: 34.94
−DI: 11.50
Momentum Oscillators
RSI (14): 65.28
NEUTRAL
Stoch %K: 91.09
Stoch %D: 93.49
Williams %R: -12.99
Volume & Volatility
BB Upper: $43.87
BB Lower: $34.69
NEUTRAL
OBV: -1,868,499
Vol SMA 20: 1,751,748
Vol ROC: 2.10%
ATR: $1.40
True Range: $1.16
HV 20: 39.0%
HV 30: 42.8%
HV 60: 36.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
Error: LLM service unavailable
Generated
News
All RYAN news →
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Showing 1–10 of 50
Page 1 of 5
Earnings History
15 of 19 under expected move
Avg Expected Move
7.99%
Avg Actual Move
6.10%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-09-01 | After-Close | 3.05% | 3.95% | 1.30x | Exceeded |
| 2021-11-15 | After-Close | 4.09% | 1.82% | 0.44x | Within |
| 2022-03-15 | After-Close | 10.26% | 10.11% | 0.99x | Within |
| 2022-08-11 | After-Close | 6.40% | 0.77% | 0.12x | Within |
| 2022-11-10 | After-Close | 8.21% | 23.24% | 2.83x | Exceeded |
| 2023-02-28 | After-Close | 4.63% | 1.76% | 0.38x | Within |
| 2023-05-04 | After-Close | 8.13% | 4.15% | 0.51x | Within |
| 2023-08-03 | After-Close | 8.76% | 2.55% | 0.29x | Within |
| 2023-11-02 | After-Close | 7.28% | 2.10% | 0.29x | Within |
| 2024-02-27 | After-Close | 7.94% | 7.45% | 0.94x | Within |
| 2024-05-02 | After-Close | 7.04% | 2.74% | 0.39x | Within |
| 2024-08-01 | After-Close | 7.80% | 9.69% | 1.24x | Exceeded |
| 2024-10-30 | After-Close | 7.76% | 4.48% | 0.58x | Within |
| 2025-05-01 | After-Close | 7.25% | 3.18% | 0.44x | Within |
| 2025-07-31 | After-Close | 9.44% | 5.46% | 0.58x | Within |
| 2025-10-30 | After-Close | 10.16% | 8.13% | 0.80x | Within |
| 2026-02-12 | After-Close | 8.73% | 12.78% | 1.46x | Exceeded |
| 2026-04-30 | After-Close | 12.30% | 11.33% | 0.92x | Within |
| 2026-07-30 | After-Close | 12.64% | 0.16% | 0.01x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
RYAN Options Activity & IV Rank
RYAN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 58.7%
7-DTE IV: —
Expected Move: $5.93
7-DTE Move: $5.93
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 42
Put Volume: 505
P/C Volume: 12.024
BEARISH
Call OI: 196
Put OI: 480
P/C OI: 2.449
Total OI: 676
ATM Options Pricing
ATM Call: $2.98
ATM Put: $2.95
Call %: 6.8%
Put %: 6.8%
Chain Summary
Chain Volume: 1,224
Chain OI: 4,172
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 34th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
34%
vs own history
GEX tilt
+0.67
OI-weighted, today
Vanna tilt
+0.18
δ-sensitivity to IV
Charm tilt
-0.26
δ-decay vs time
? What is this?
· 16 ATM contracts, 2k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 59.2% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)84.7HighOct 23
Straddle Price (30 DTE)$5.93Oct 23
Beta Analysis
Risk Metrics
Beta: -0.3235
Alpha: -5.63%
Correlation: -0.0928
R-Squared: 0.9%
Stock Volatility: 44.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own RYAN
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $11.4M | #1484 of 3716 | -61.6% | 13F | |
| Citadel Hedge fund Ken Griffin | $2.6M | #2640 of 6285 | -89.1% | 13F | |
| Point72 Hedge fund Steve Cohen | $2.1M | #1268 of 1945 | -93.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $1.6M | #2096 of 3138 | -92.2% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $551K | #912 of 997 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $111K | #2935 of 4729 | -35.1% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
RYAN Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 170,093,731 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
6 filers$7.91M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $3.64M | 46.08% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.18M | 27.60% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $947.78K | 11.99% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $800.51K | 10.12% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $294.53K | 3.72% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $37.76K | 0.48% | 2026-06-30 |
6 filers$7.87M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $3.71M | 47.19% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.43M | 18.19% | 2026-06-30 |
| 3 | Simplex Trading, LLC Custodian | $921.34K | 11.71% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $826.94K | 10.51% | 2026-06-30 |
| 5 | WOLVERINE ASSET MANAGEMENT LLC | $517.31K | 6.58% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $456.90K | 5.81% | 2026-06-30 |
RYAN Insider Trading (Form 4)
Latest: 2026-09-09Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-09 | Brendan Martin Mulshine | Co-President and CRO | Mixed | −40,000 | $40.51 | -$1.62M | EDGAR |
| 2026-08-18 | Nicholas Dominic Cortezi | Director | Other (J) | −2,154,135 | — | EDGAR | |
| 2026-08-14 | Michael Conklin | EVP & CHRO | Sell (S) | −2,043 | $42.26 | -$86.3K | EDGAR |
| 2026-08-12 | Henry S Bienen | Director | Gift (G) | −3,000 | — | EDGAR | |
| 2026-08-06 | Stephen Patrick Keogh | Co-President and COO | Grant (A) | +22,920 opt | — | EDGAR | |
| 2026-08-06 | Michael Conklin | EVP & CHRO | Grant (A) | +22,920 opt | — | EDGAR | |
| 2026-08-06 | Patrick G Ryan | Executive Chairman | Disp (D) | +287,646 opt | — | EDGAR | |
| 2026-08-06 | Patrick G Ryan | Executive Chairman | Disp (D) | +287,646 opt | — | EDGAR | |
| 2026-08-06 | Stephen Patrick Keogh | Co-President and COO | Grant (A) | +22,920 opt | — | EDGAR | |
| 2026-08-06 | Michael Conklin | EVP & CHRO | Grant (A) | +22,920 opt | — | EDGAR | |
| 2026-07-24 | Janice M Hamilton | Chief Financial Officer | Mixed | +4,115 | $40.89 | -$69.8K | EDGAR |
| 2026-06-15 | Anthony J Kuczinski | Director | Buy (P) | +3,000 | $34.99 | $105.0K | EDGAR |
| 2026-06-11 | John W Rogers Jr | Director | Buy (P) | +7,500 | $35.16 | $263.7K | EDGAR |
| 2026-06-08 | Patrick G Ryan | Executive Chairman | Buy (P) | +120,000 | $32.50 | $3.90M | EDGAR |
| 2026-06-04 | Mark Stephen Katz | EVP & General Counsel | Buy (P) | +3,215 | $31.07 | $99.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
RYAN Insider Holdings
19 insiders · @ $43.59
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Patrick G Ryan | Executive Chairman | 13,817,859 | $602.39M | $81.86M | 19 | 2026-08-06 |
| 2 | Nicholas Dominic Cortezi | Director | 1,851,797 | $80.73M | -$95.16M | 42 | 2026-08-18 |
| 3 | Michael D Ohalleran | Director | 820,915 | $35.79M | $5.68M | 9 | 2026-04-30 |
| 4 | Patrick G Ryan Jr | Director | 690,611 | $30.11M | $1.06M | 8 | 2026-04-30 |
| 5 | Brendan Martin Mulshine | Co-President and CRO | 189,958 | $8.28M | -$10.19M | 16 | 2026-09-09 |
| 6 | John W Rogers Jr | Director | 117,933 | $5.14M | $553.5K | 9 | 2026-06-11 |
| 7 | D Cameron Findlay | Director | 103,225 | $4.50M | $752.0K | 8 | 2025-06-03 |
| 8 | Benjamin MIles Wuller | CEO RSUM | 95,303 | $4.15M | $0 | 3 | 2026-05-06 |
| 9 | David P Bolger | Director | 92,047 | $4.01M | -$2.32M | 12 | 2026-04-30 |
| 10 | Henry S Bienen | Director | 24,795 | $1.08M | $0 | 14 | 2026-08-12 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
RYAN Board & Officers
As of SEC filings through Sep 9, 2026Directors 18
- D Cameron Findlay · since Jul 21, 2021
- David P Bolger · since Jul 21, 2021
- Gerald W Schwartz · since Jul 21, 2021
- Henry S Bienen · since Jul 21, 2021
- John W Rogers Jr · since Jul 21, 2021
- Michael D Ohalleran · since Jul 21, 2021
- Michelle L Collins · since Jul 21, 2021
- Nicholas Dominic Cortezi · since Jul 21, 2021
- Onex Corp (entity) · since Jul 21, 2021
- Onex RSG GP Inc. (entity) · since Jul 21, 2021
- Onex RSG Holdings LP (entity) · since Jul 21, 2021
- Onex RSG LP (entity) · since Jul 21, 2021
- Patrick G Ryan · since Jul 21, 2021
- Timothy William Turner · since Jul 21, 2021
- Francesca Cornelli · since Jul 31, 2023
- Anthony J Kuczinski · since Oct 30, 2023
- Patrick G Ryan Jr · since Jan 1, 2024
- Michael G Bungert · since Sep 12, 2025
Officers 8
- Benjamin MIles Wuller · CEO Rsum · listed since Apr 2025
- Timothy William Turner · Chief Executive Officer · listed since Apr 2025
- Brendan Martin Mulshine · Co-President and CRO · listed since Mar 2026
- Stephen Patrick Keogh · Co-President and COO · listed since Mar 2026
- Janice M Hamilton · Chief Financial Officer · since Oct 1, 2024
- Mark Stephen Katz · EVP & General Counsel · since Jul 21, 2021
- Michael Conklin · EVP & CHRO · since Aug 14, 2023
- Patrick G Ryan · Executive Chairman · listed since Dec 2024
10% owners 1
- Patrick G Ryan · since Jul 21, 2021
Changes in the last 10 years (53)
| Mar 5, 2026 | Stephen Patrick Keogh listed as Co-President and COO (previously Chief Operating Officer) in SEC filings |
| Mar 5, 2026 | Brendan Martin Mulshine listed as Co-President and CRO (previously Executive Vice President and Chief Revenue Officer) in SEC filings |
| Oct 8, 2025 | The company announced the departure of Jeremiah Rawlins Bickham as President in an SEC filing |
| Sep 12, 2025 | Michael G Bungert became a director |
| May 1, 2025 | Stephen Patrick Keogh became Chief Operating Officer |
| May 1, 2025 | Ryan Specialty Holdings, Inc. became Chief Operating Officer |
| Apr 2, 2025 | Timothy William Turner listed as Chief Executive Officer (previously President) in SEC filings |
| Apr 2, 2025 | Jeremiah Rawlins Bickham listed as President (previously EVP & Chief Finical Officer) in SEC filings |
| Apr 2, 2025 | Benjamin MIles Wuller listed as CEO Rsum (previously President & CEO, RSUM) in SEC filings |
| Dec 13, 2024 | Patrick G Ryan listed as Executive Chairman (previously Chief Executive Officer) in SEC filings |
| Oct 29, 2024 | Benjamin MIles Wuller became President & CEO, RSUM |
| Oct 1, 2024 | Janice M Hamilton became Chief Financial Officer |
| Apr 2, 2024 | Jeremiah Rawlins Bickham listed as EVP & Chief Finical Officer (previously Executive Vice President and Chief Financial Officer) in SEC filings |
| Jan 1, 2024 | Patrick G Ryan Jr became a director |
| Dec 28, 2023 | The company announced the departure of William J Devers Jr from the board in an SEC filing |
| Oct 30, 2023 | Anthony J Kuczinski became a director |
| Aug 14, 2023 | Michael Conklin became EVP & CHRO |
| Jul 31, 2023 | Francesca Cornelli became a director |
| Jun 29, 2023 | Nicholas Dominic Cortezi no longer listed as Chairman of Ryan Specialty Underwriting Managers in SEC filings |
| Jul 25, 2022 | Lisa Jo Paschal-Alcorn listed as Senior Vice President and Chief Human Resource Officer (previously Senior Vice President and Chief Human Resources Officer) in SEC filings |
| Jul 26, 2021 | Onex RSG LP first listed as a 10% owner in an SEC filing |
| Jul 26, 2021 | Onex RSG Holdings LP first listed as a 10% owner in an SEC filing |
| Jul 26, 2021 | Onex RSG GP Inc. first listed as a 10% owner in an SEC filing |
| Jul 26, 2021 | Onex Private Equity Holdings LLC first listed as a 10% owner in an SEC filing |
| Jul 26, 2021 | Onex Corp first listed as a 10% owner in an SEC filing |
| Jul 26, 2021 | Gerald W Schwartz first listed as a 10% owner in an SEC filing |
| Jul 21, 2021 | William J Devers Jr became a director |
| Jul 21, 2021 | Timothy William Turner became a director |
| Jul 21, 2021 | Timothy William Turner became President |
| Jul 21, 2021 | Robert M Leblanc became a director |
| Jul 21, 2021 | Patrick G Ryan became a director |
| Jul 21, 2021 | Patrick G Ryan became a 10% owner |
| Jul 21, 2021 | Patrick G Ryan became Chief Executive Officer |
| Jul 21, 2021 | Onex RSG LP became a director |
| Jul 21, 2021 | Onex RSG Holdings LP became a director |
| Jul 21, 2021 | Onex RSG GP Inc. became a director |
| Jul 21, 2021 | Onex Private Equity Holdings LLC became a director |
| Jul 21, 2021 | Onex Corp became a director |
| Jul 21, 2021 | Nicholas Dominic Cortezi became a director |
| Jul 21, 2021 | Nicholas Dominic Cortezi became Chairman of Ryan Specialty Underwriting Managers |
| Jul 21, 2021 | Michelle L Collins became a director |
| Jul 21, 2021 | Michael Thomas Vanacker became Executive Vice President and Chief Operating Officer |
| Jul 21, 2021 | Michael D Ohalleran became a director |
| Jul 21, 2021 | Mark Stephen Katz became EVP & General Counsel |
| Jul 21, 2021 | Lisa Jo Paschal-Alcorn became Senior Vice President and Chief Human Resources Officer |
| Jul 21, 2021 | John W Rogers Jr became a director |
| Jul 21, 2021 | Jeremiah Rawlins Bickham became Executive Vice President and Chief Financial Officer |
| Jul 21, 2021 | Henry S Bienen became a director |
| Jul 21, 2021 | Gerald W Schwartz became a director |
| Jul 21, 2021 | David P Bolger became a director |
| Jul 21, 2021 | D Cameron Findlay became a director |
| Jul 21, 2021 | Brendan Martin Mulshine became Executive Vice President and Chief Revenue Officer |
| Jul 21, 2021 | Andrew J McKenna became a director |
Not reported recently (6)
- Ryan Specialty Holdings, Inc. · Last reported as Chief Operating Officer in an SEC filing dated May 13, 2025
- Lisa Jo Paschal-Alcorn · Last reported as Senior Vice President and Chief Human Resource Officer in an SEC filing dated Aug 16, 2023
- Onex Private Equity Holdings LLC · Last reported as a director in an SEC filing dated May 25, 2023
- Michael Thomas Vanacker · Last reported as Executive Vice President and Chief Operating Officer in an SEC filing dated Mar 8, 2023
- Andrew J McKenna · Last reported as a director in an SEC filing dated Jun 9, 2022
- Robert M Leblanc · Last reported as a director in an SEC filing dated Jul 21, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
RYAN Proposed Insider Sales (Form 144)
Latest: 2026-09-08
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
2 filings
· $1.7M notice value
· 2 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
BRENDAN MARTIN MULSHINE (1, $1.6M) · MICHAEL LAVERN CONKLIN (1, $86K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-08 | BRENDAN MARTIN MULSHINE | Officer | 40,000 | $1.62M | 2026-09-08 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-08-13 | MICHAEL LAVERN CONKLIN | Officer | 2,043 | $86.3K | 2026-08-13 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-12-12 | Timothy W. Turner | Affiliate | 129,570 | $7.02M | 2025-12-12 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-12-05 | Onex RSG Holdings LP | Affiliate of director of Issuer | 173,778 | $9.76M | 2025-12-05 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-12-05 | Onex RSG LP | Affiliate of director of Issuer | 3,971,843 | $223.02M | 2025-12-05 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-06-13 | MARK KATZ | Officer | 14,377 | $952.5K | 2025-06-13 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-06-03 | BOLGER DAVID P | Director | 5,000 | $359.9K | 2025-06-03 | Merrill | — | EDGAR |
| 2025-05-16 | Jeremiah Bickham | Affiliate | 50,000 | $3.49M | 2025-05-16 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-03-14 | BRENDAN MARTIN MULSHINE | Officer | 30,000 | $2.08M | 2025-03-14 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-01-30 | LOUISE M CORTEZI FAMILY TRUST | Director | 8,549 | $563.3K | 2025-01-30 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-26
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-26 | 0001849253-26-000031 | EDGAR |
| 2026-05-01 | 0001849253-26-000029 | EDGAR |
| 2026-04-30 | 0001849253-26-000022 | EDGAR |
| 2026-04-30 | 0001849253-26-000023 | EDGAR |
| 2026-02-12 | 0001628280-26-007479 | EDGAR |
| 2026-02-12 | 0001849253-26-000004 | EDGAR |
| 2025-12-08 | 0001849253-25-000018 | EDGAR |
| 2025-10-30 | 0001849253-25-000013 | EDGAR |
| 2025-10-08 | 0001849253-25-000008 | EDGAR |
| 2025-09-09 | 0001849253-25-000004 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-01 | 0001849253-26-000026 | EDGAR |
| 2025-10-31 | 0001849253-25-000016 | EDGAR |
| 2025-08-01 | 0001628280-25-037141 | EDGAR |
| 2025-05-02 | 0001628280-25-021664 | EDGAR |
| 2024-10-31 | 0001628280-24-044413 | EDGAR |
| 2024-08-02 | 0000950170-24-089593 | EDGAR |
| 2024-05-03 | 0000950170-24-052483 | EDGAR |
| 2023-11-03 | 0000950170-23-058503 | EDGAR |
| 2023-08-04 | 0000950170-23-038323 | EDGAR |
| 2023-05-05 | 0000950170-23-018075 | EDGAR |
ETF Holders
108 ETFs hold RYAN
25 shown · $728.94M total exposure · 0.07% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJH iShares Core S&P Mid-Cap ETF | iShares (BlackRock) | 0.13% | $162.7M | $122.0B | 2026-10-21 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $122.5M | — | 2026-09-30 |
| 3 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.05% | $86.3M | — | 2026-09-30 |
| 4 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.11% | $48.1M | — | 2026-09-30 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.05% | $44.9M | — | 2026-09-30 |
| 6 | MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust | SPDR (State Street) | 0.13% | $34.1M | $26.0B | 2026-10-21 |
| 7 | SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | SPDR (State Street) | 0.13% | $24.6M | $18.5B | 2026-10-21 |
| 8 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.07% | $22.8M | — | 2026-10-21 |
| 9 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.03% | $18.8M | $57.2B | 2026-10-21 |
| 10 | EQTY KOVITZ CORE EQUITY ETF | Nport | 1.27% | $18.1M | — | 2026-07-31 |
| 11 | IJK iShares S&P Mid-Cap 400 Growth ETF | iShares (BlackRock) | 0.17% | $18.0M | $10.3B | 2026-10-21 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.08% | $17.5M | — | 2026-05-31 |
| 13 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.02% | $15.9M | — | 2026-09-30 |
| 14 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.07% | $9.9M | — | 2026-05-31 |
| 15 | KIE State Street® SPDR® S&P® Insurance ETF | SPDR (State Street) | 1.95% | $9.8M | $501.9M | 2026-10-21 |
| 16 | AQEC AQE Core ETF | Nport | 1.70% | $9.7M | — | 2026-06-30 |
| 17 | FFSM Fidelity Fundamental Small-Mid Cap ETF | Nport | 0.64% | $9.6M | — | 2026-07-31 |
| 18 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.01% | $8.9M | $84.8B | 2026-10-21 |
| 19 | IJJ iShares S&P Mid-Cap 400 Value ETF | iShares (BlackRock) | 0.09% | $7.9M | $8.6B | 2026-10-21 |
| 20 | FXO First Trust Financials AlphaDEX® Fund | First Trust | 0.69% | $7.3M | $1.1B | 2026-10-21 |
| 21 | VFH Vanguard Financials ETF | Vanguard | 0.05% | $6.7M | — | 2026-09-30 |
| 22 | IVOO Vanguard S&P Mid-Cap 400 ETF | Vanguard | 0.12% | $6.7M | — | 2026-09-30 |
| 23 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.01% | $6.3M | $96.2B | 2026-10-21 |
| 24 | TCAF T. Rowe Price Capital Appreciation Equity ETF | Nport | 0.08% | $6.1M | — | 2026-06-30 |
| 25 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.04% | $5.9M | $15.7B | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
60.54
TTM Diluted EPS
$0.72
TTM Revenue
$3.16B
TTM Net Income
$99.03M
TTM Op. Cash Flow
$558.52M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $902.73M | $42.31M | $0.33 | $293.03M |
| Q1 '26 | 2026-03-31 | $782.90M | $17.65M | $0.13 | $-167.41M |
| Q4 '25 | 2025-12-31 | $738.04M | $7.98M | $0.06 | $263.25M |
| Q3 '25 | 2025-09-30 | $739.55M | $31.09M | $0.20 | $169.66M |
| Q2 '25 | 2025-06-30 | $840.86M | $51.98M | $0.38 | $353.58M |
| Q1 '25 | 2025-03-31 | $676.13M | $-27.64M | $-0.22 | $-142.82M |
| Q4 '24 | 2024-12-31 | $649.41M | $13.75M | $0.12 | $259.64M |
| Q3 '24 | 2024-09-30 | $588.13M | $17.59M | $0.09 | $100.94M |
| Q2 '24 | 2024-06-30 | $695.44M | $46.79M | $0.37 | $270.83M |
| Q1 '24 | 2024-03-31 | $552.05M | $15.98M | $0.13 | $-116.54M |
| Q4 '23 | 2023-12-31 | $518.72M | $22.84M | $0.18 | $226.87M |
| Q3 '23 | 2023-09-30 | $487.35M | $-5.05M | $-0.04 | $105.50M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-31
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
60.54
P/B
7.30
P/S
2.34
EV/EBITDA
14.75
EV/Sales
3.43
ROE
9.7%
ROA
0.8%
Div Yield
1.27%
FCF Yield
7.53%
Debt/Equity
3.51
Current Ratio
—
Market Cap
$7.41B
as of 2026-10-23
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
13.10M
SI % of Float
12.57%
Days to Cover
5.57
Short Vol Ratio
48.1%
Free Float
104.18M
Float %
80.5%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-05-15