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

California Public Employees Retirement System grew its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors also recently modified their holdings of RYAN. American Century Companies Inc. grew its holdings in shares of Ryan Specialty by 17.7% during the third quarter. American Century Companies Inc. now owns 1,624,944 shares of the company's stock worth $78,647,000 after buying an additional 244,490 shares in the last quarter. Boston Partners bought a new position in shares of Ryan Specialty during the third quarter worth about $50,090,000. Algert Global LLC bought a new position in shares of Ryan Specialty during the third quarter worth about $1,706,000. UBS Group AG grew its holdings in shares of Ryan Specialty by 134.9% during the third quarter. UBS Group AG now owns 138,413 shares of the company's stock worth $6,699,000 after buying an additional 79,478 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Ryan Specialty by 26.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,159,648 shares of the company's stock worth $56,127,000 after buying an additional 245,827 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RYAN shares. Keefe, Bruyette & Woods increased their price target on Ryan Specialty from $56.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Wells Fargo & Company increased their price target on Ryan Specialty from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on Ryan Specialty from $47.00 to $49.00 and gave the company an "underweight" rating in a research report on Monday, April 8th. JMP Securities reissued a "market perform" rating on shares of Ryan Specialty in a research report on Monday, April 15th. Finally, Citigroup increased their price target on Ryan Specialty from $49.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $54.25.

Ryan Specialty Stock Performance

Shares of RYAN traded down $1.45 during mid-day trading on Friday, reaching $51.50. The company's stock had a trading volume of 2,143,221 shares, compared to its average volume of 804,185. Ryan Specialty Holdings, Inc. has a 1-year low of $39.44 and a 1-year high of $56.51. The stock has a market cap of $13.40 billion, a P/E ratio of 97.17 and a beta of 0.58. The business has a 50-day simple moving average of $52.56 and a two-hundred day simple moving average of $47.08. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.98.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $552.00 million during the quarter, compared to analysts' expectations of $549.06 million. Ryan Specialty had a return on equity of 46.11% and a net margin of 9.15%. The business's revenue was up 20.6% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced 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 is Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. Ryan Specialty's dividend payout ratio (DPR) is currently 83.02%.

Ryan Specialty Profile

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.