California Public Employees Retirement System Purchases 32,497 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

California Public Employees Retirement System lifted its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 owned 0.05% of Ryan Specialty worth $5,879,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Ryan Specialty by 192.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after buying an additional 361 shares in the last quarter. Operose Advisors LLC bought a new stake in Ryan Specialty during the 3rd quarter valued at about $92,000. First Horizon Advisors Inc. lifted its holdings in Ryan Specialty by 27.6% during 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 in the last quarter. CHICAGO TRUST Co NA bought a new stake in Ryan Specialty during the 3rd quarter valued at about $212,000. Finally, UMB Bank n.a. lifted its holdings in Ryan Specialty by 81.2% during the 4th quarter. UMB Bank n.a. now owns 4,968 shares of the company’s stock valued at $214,000 after buying an additional 2,226 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Down 2.7 %

Shares of NYSE:RYAN opened at $51.50 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $13.40 billion, a P/E ratio of 97.17 and a beta of 0.58. The business’s 50-day moving average is $52.56 and its 200 day moving average is $47.07. Ryan Specialty Holdings, Inc. has a 1 year low of $39.44 and a 1 year high of $56.51.

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

Ryan Specialty Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.