California State Teachers Retirement System Buys 28,095 Shares of Ryan Specialty Holdings Inc. $RYAN

Key Points

• California State Teachers Retirement System increased its Ryan Specialty stake by 27.2%, purchasing 28,095 shares to bring its holdings to 131,356 shares valued at approximately $4.43 million. Institutional investors collectively own 84.82% of the company.
• Ryan Specialty exceeded quarterly expectations, reporting $0.74 in EPS versus the $0.60 consensus and revenue of $916.65 million, up 7.2% year over year. The board also authorized a $300 million share buyback, while the company declared a quarterly dividend of $0.13 per share.
• Analyst sentiment remains mixed, with eight Buy, nine Hold, and two Sell ratings; the stock has an average “Hold” rating and a consensus price target of $53.42.

California State Teachers Retirement System increased its position in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 27.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,356 shares of the company's stock after buying an additional 28,095 shares during the period. California State Teachers Retirement System's holdings in Ryan Specialty were worth $4,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RYAN. T. Rowe Price Investment Management Inc. lifted its position in Ryan Specialty by 79.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company's stock worth $389,910,000 after buying an additional 3,353,926 shares during the last quarter. Capital World Investors lifted its holdings in Ryan Specialty by 0.3% during the 4th quarter. Capital World Investors now owns 6,640,638 shares of the company's stock valued at $342,856,000 after buying an additional 17,082 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in Ryan Specialty by 631.7% during the 4th quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company's stock valued at $238,536,000 after buying an additional 3,989,502 shares in the last quarter. Principal Financial Group Inc. raised its position in Ryan Specialty by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company's stock valued at $148,856,000 after purchasing an additional 37,339 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Ryan Specialty by 9.3% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company's stock worth $218,010,000 after buying an additional 368,247 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Insider Transactions at Ryan Specialty

In other news, EVP Mark Stephen Katz purchased 3,215 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $31.07 per share, with a total value of $99,890.05. Following the completion of the acquisition, the executive vice president owned 4,332 shares of the company's stock, valued at approximately $134,595.24. This represents a 287.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. purchased 7,500 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of $35.16 per share, for a total transaction of $263,700.00. Following the transaction, the director owned 117,933 shares of the company's stock, valued at $4,146,524.28. This trade represents a 6.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 130,715 shares of company stock valued at $4,263,590 in the last 90 days. 52.03% of the stock is currently owned by company insiders.

Ryan Specialty Stock Performance

NYSE RYAN opened at $42.78 on Friday. The firm has a market capitalization of $11.28 billion, a P/E ratio of 59.42, a PEG ratio of 0.89 and a beta of 0.59. The stock has a 50-day simple moving average of $38.92 and a two-hundred day simple moving average of $38.20. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.02 and a current ratio of 1.00. Ryan Specialty Holdings Inc. has a fifty-two week low of $29.28 and a fifty-two week high of $61.05.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.14. The firm had revenue of $916.65 million for the quarter, compared to the consensus estimate of $873.93 million. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%.The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.15 earnings per share for the current year.

Ryan Specialty announced that its board has approved a share buyback plan on Tuesday, May 26th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, August 11th. Ryan Specialty's dividend payout ratio is currently 72.22%.

Analyst Ratings Changes

Several research firms have issued reports on RYAN. Bank of America cut their target price on Ryan Specialty from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. Morgan Stanley increased their price objective on Ryan Specialty from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Wells Fargo & Company boosted their target price on Ryan Specialty from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Barclays upped their target price on Ryan Specialty from $46.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, UBS Group boosted their price target on Ryan Specialty from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $53.42.

Ryan Specialty Profile

Ryan Specialty Group, Inc NYSE: RYAN is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients' unique needs.

Ryan Specialty's core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.

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