New York State Common Retirement Fund Sells 17,794 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

New York State Common Retirement Fund reduced its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,707 shares of the company's stock after selling 17,794 shares during the quarter. New York State Common Retirement Fund's holdings in Ryan Specialty were worth $3,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Ryan Specialty by 637.8% in the third quarter. Raymond James & Associates now owns 42,318 shares of the company's stock worth $2,048,000 after purchasing an additional 36,582 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Ryan Specialty by 16.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 391,946 shares of the company's stock valued at $18,970,000 after purchasing an additional 55,828 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ryan Specialty by 33.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,002 shares of the company's stock worth $968,000 after purchasing an additional 5,037 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Ryan Specialty by 27.6% in the third quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company's stock worth $117,000 after buying an additional 521 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new position in shares of Ryan Specialty during the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup increased their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods boosted their price objective on Ryan Specialty from $56.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price objective on Ryan Specialty from $47.00 to $49.00 and gave the company an "underweight" rating in a research note on Monday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Ryan Specialty in a research report on Monday, April 15th. Finally, Wolfe Research downgraded shares of Ryan Specialty from an "outperform" rating to a "peer perform" rating in a report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Ryan Specialty presently has a consensus rating of "Hold" and an average target price of $54.25.

Ryan Specialty Stock Down 0.0 %

Shares of Ryan Specialty stock traded down $0.01 during trading on Monday, hitting $51.49. 782,990 shares of the stock traded hands, compared to its average volume of 780,492. Ryan Specialty Holdings, Inc. has a 52-week low of $39.44 and a 52-week high of $56.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.98. The firm has a market cap of $13.40 billion, a P/E ratio of 97.15 and a beta of 0.58. The stock's fifty day simple moving average is $52.56 and its 200 day simple moving average is $47.08.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a return on equity of 46.11% and a net margin of 9.15%. The firm had revenue of $552.00 million during the quarter, compared to analyst estimates of $549.06 million. During the same period in the previous year, the company posted $0.26 EPS. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders 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 yield of 0.85%. Ryan Specialty's payout ratio is presently 83.02%.

Ryan Specialty Company 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.