Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 31.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 136,653 shares of the company’s stock after acquiring an additional 32,497 shares during the quarter. California Public Employees Retirement System’s holdings in Ryan Specialty were worth $5,879,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RYAN. Raymond James & Associates boosted its stake in shares of Ryan Specialty by 637.8% in the 3rd quarter. Raymond James & Associates now owns 42,318 shares of the company’s stock valued at $2,048,000 after buying an additional 36,582 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Ryan Specialty by 16.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 391,946 shares of the company’s stock valued at $18,970,000 after buying an additional 55,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ryan Specialty by 33.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,002 shares of the company’s stock valued at $968,000 after buying an additional 5,037 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Ryan Specialty by 27.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company’s stock valued at $117,000 after buying an additional 521 shares during the period. Finally, CHICAGO TRUST Co NA purchased a new position in shares of Ryan Specialty in the 3rd quarter valued at about $212,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RYAN shares. Keefe, Bruyette & Woods lifted their price objective on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Citigroup boosted their target price on Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their target price on Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their target price on Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Finally, JMP Securities restated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Ryan Specialty has an average rating of “Hold” and an average target price of $54.25.

Ryan Specialty Trading Down 2.7 %

RYAN opened at $51.50 on Friday. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 97.17 and a beta of 0.58. Ryan Specialty Holdings, Inc. has a 52 week low of $39.44 and a 52 week high of $56.51. The business’s 50 day moving average is $52.56 and its two-hundred day moving average is $47.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.98.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $552.00 million for the quarter, compared to analyst estimates of $549.06 million. Ryan Specialty had a return on equity of 46.11% and a net margin of 9.15%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, research analysts predict that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, May 13th. Ryan Specialty’s payout ratio is currently 83.02%.

About Ryan Specialty

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.