Public Employees Retirement System of Ohio Sells 1,851 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Public Employees Retirement System of Ohio lowered its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,160 shares of the company’s stock after selling 1,851 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ryan Specialty were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Signaturefd LLC grew its stake in Ryan Specialty by 12.3% in the 3rd quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock worth $89,000 after acquiring an additional 148 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Ryan Specialty by 5.2% in the third quarter. UMB Bank n.a. now owns 5,224 shares of the company’s stock valued at $347,000 after purchasing an additional 256 shares during the period. Loomis Sayles & Co. L P grew its stake in Ryan Specialty by 26.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock worth $91,000 after purchasing an additional 286 shares in the last quarter. Hollencrest Capital Management purchased a new position in Ryan Specialty during the 3rd quarter worth $25,000. Finally, Quarry LP raised its position in Ryan Specialty by 109.3% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $54,000 after purchasing an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insiders Place Their Bets

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the transaction, the executive vice president now owns 12,386 shares in the company, valued at approximately $884,236.54. This trade represents a 54.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nicholas Dominic Cortezi sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the sale, the director now directly owns 60,200 shares in the company, valued at $4,015,942. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,845 shares of company stock valued at $6,249,417. Insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

RYAN has been the subject of several recent research reports. Barclays lifted their price objective on Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Morgan Stanley began coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ryan Specialty currently has an average rating of “Hold” and a consensus price target of $73.50.

Ryan Specialty Stock Down 1.5 %

Shares of RYAN stock opened at $65.44 on Wednesday. The stock’s fifty day moving average price is $70.69 and its 200 day moving average price is $64.71. Ryan Specialty Holdings, Inc. has a 1-year low of $41.57 and a 1-year high of $75.97. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 84.99, a price-to-earnings-growth ratio of 1.52 and a beta of 0.67. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, research analysts expect that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.67%. Ryan Specialty’s payout ratio is 57.14%.

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.