California Public Employees Retirement System Purchases 19,331 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

California Public Employees Retirement System boosted its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 482,359 shares of the company’s stock after acquiring an additional 19,331 shares during the period. California Public Employees Retirement System owned 0.18% of Ryan Specialty worth $30,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RYAN. JPMorgan Chase & Co. lifted its holdings in shares of Ryan Specialty by 107.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 459,464 shares of the company’s stock worth $30,504,000 after purchasing an additional 238,064 shares in the last quarter. Bar Harbor Wealth Management increased its position in shares of Ryan Specialty by 5.9% during the fourth quarter. Bar Harbor Wealth Management now owns 168,871 shares of the company’s stock worth $10,835,000 after acquiring an additional 9,482 shares in the last quarter. Barclays PLC raised its holdings in shares of Ryan Specialty by 1.1% in the 3rd quarter. Barclays PLC now owns 1,641,743 shares of the company’s stock worth $108,994,000 after acquiring an additional 17,267 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Ryan Specialty by 51.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,760 shares of the company’s stock valued at $2,042,000 after acquiring an additional 10,460 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Ryan Specialty by 101.6% during the 3rd quarter. HighTower Advisors LLC now owns 39,969 shares of the company’s stock valued at $2,661,000 after purchasing an additional 20,139 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Trading Up 1.8 %

NYSE:RYAN opened at $75.14 on Thursday. The firm’s 50 day moving average is $69.22 and its 200 day moving average is $68.51. Ryan Specialty Holdings, Inc. has a 12 month low of $48.48 and a 12 month high of $75.97. The stock has a market capitalization of $19.68 billion, a PE ratio of 108.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The firm had revenue of $663.53 million for the quarter, compared to the consensus estimate of $658.80 million. Sell-side analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.12 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s payout ratio is 69.57%.

Analysts Set New Price Targets

Several analysts have recently commented on RYAN shares. Morgan Stanley initiated coverage on Ryan Specialty in a research note on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada lowered their target price on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. UBS Group boosted their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.27.

Insider Activity at Ryan Specialty

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nicholas Dominic Cortezi sold 31,409 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $65.64, for a total transaction of $2,061,686.76. Following the completion of the transaction, the director now directly owns 2,697 shares in the company, valued at approximately $177,031.08. The trade was a 92.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 241,360 shares of company stock worth $16,006,428. 11.10% of the stock is owned by corporate insiders.

Ryan Specialty Company 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.