Public Employees Retirement System of Ohio Acquires 1,089 Shares of Ryan Specialty Holdings Inc. $RYAN

Public Employees Retirement System of Ohio lifted its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,594 shares of the company’s stock after buying an additional 1,089 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ryan Specialty were worth $2,216,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Ryan Specialty by 281.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after buying an additional 245 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Ryan Specialty in the 1st quarter worth about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Ryan Specialty in the 2nd quarter worth about $31,000. WPG Advisers LLC bought a new stake in shares of Ryan Specialty in the 1st quarter worth about $32,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Ryan Specialty in the 1st quarter worth about $35,000. 84.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Chairman Patrick G. Ryan purchased 276,634 shares of the stock in a transaction dated Friday, September 12th. The stock was purchased at an average price of $51.84 per share, with a total value of $14,340,706.56. Following the transaction, the chairman owned 13,699,959 shares of the company’s stock, valued at approximately $710,205,874.56. This trade represents a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.21% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAN has been the topic of several analyst reports. UBS Group cut their price target on shares of Ryan Specialty from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Wolfe Research upgraded shares of Ryan Specialty to a “strong-buy” rating in a report on Tuesday, September 16th. Citigroup initiated coverage on shares of Ryan Specialty in a report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price target on the stock. Barclays cut their price target on shares of Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. Finally, Cantor Fitzgerald upgraded shares of Ryan Specialty to a “hold” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ryan Specialty currently has a consensus rating of “Moderate Buy” and an average target price of $73.92.

Ryan Specialty Price Performance

Ryan Specialty stock opened at $55.91 on Friday. The firm has a 50-day moving average of $56.84 and a two-hundred day moving average of $64.62. Ryan Specialty Holdings Inc. has a 1 year low of $50.08 and a 1 year high of $77.16. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of 159.76, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm had revenue of $855.17 million during the quarter, compared to analysts’ expectations of $837.52 million. During the same quarter in the prior year, the company earned $0.58 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. On average, research analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Ryan Specialty’s dividend payout ratio is presently 137.14%.

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.