31,938 Shares in Ryan Specialty Holdings Inc. $RYAN Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 31,938 shares of the company’s stock, valued at approximately $1,206,000.

A number of other large investors also recently made changes to their positions in RYAN. Covestor Ltd boosted its holdings in shares of Ryan Specialty by 16.8% during the fourth quarter. Covestor Ltd now owns 1,467 shares of the company’s stock worth $76,000 after purchasing an additional 211 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Ryan Specialty by 1.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,355 shares of the company’s stock worth $1,309,000 after buying an additional 240 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Ryan Specialty by 7.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,313 shares of the company’s stock worth $171,000 after buying an additional 240 shares during the period. Snowden Capital Advisors LLC boosted its stake in Ryan Specialty by 1.3% in the 2nd quarter. Snowden Capital Advisors LLC now owns 21,135 shares of the company’s stock worth $1,437,000 after buying an additional 264 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Ryan Specialty by 0.8% in the 4th quarter. LPL Financial LLC now owns 40,486 shares of the company’s stock worth $2,090,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

RYAN has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Atlantic Securities set a $69.00 target price on shares of Ryan Specialty in a research report on Wednesday, July 15th. Piper Sandler boosted their target price on shares of Ryan Specialty from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Morgan Stanley upped their price target on shares of Ryan Specialty from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Ryan Specialty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.86.

Ryan Specialty Stock Performance

Ryan Specialty stock opened at $40.82 on Wednesday. The stock’s 50-day moving average is $42.43 and its 200-day moving average is $37.57. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 0.83 and a beta of 0.57. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.00 and a quick ratio of 1.00. Ryan Specialty Holdings Inc. has a 12 month low of $29.28 and a 12 month high of $59.19.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. The business had revenue of $916.65 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. Equities analysts anticipate that Ryan Specialty Holdings Inc. will post 2.18 earnings per share for the current year.

Ryan Specialty announced that its board has initiated a stock repurchase program on Tuesday, May 26th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ryan Specialty’s payout ratio is 72.22%.

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.