California Public Employees Retirement System Takes Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

California Public Employees Retirement System bought a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) during the 3rd quarter, HoldingsChannel reports. The firm bought 104,156 shares of the company’s stock, valued at approximately $5,041,000.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Ryan Specialty by 524.8% in the first quarter. Royal Bank of Canada now owns 781 shares of the company’s stock worth $31,000 after buying an additional 656 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Ryan Specialty in the second quarter worth about $44,000. Huntington National Bank lifted its stake in shares of Ryan Specialty by 2,060.4% in the second quarter. Huntington National Bank now owns 1,037 shares of the company’s stock worth $47,000 after buying an additional 989 shares in the last quarter. American International Group Inc. purchased a new position in shares of Ryan Specialty in the second quarter worth about $50,000. Finally, Quantbot Technologies LP purchased a new position in shares of Ryan Specialty in the second quarter worth about $51,000. Institutional investors and hedge funds own 34.09% of the company’s stock.

Insider Transactions at Ryan Specialty

In other news, Director David P. Bolger sold 10,580 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $44.58, for a total transaction of $471,656.40. Following the completion of the transaction, the director now directly owns 85,204 shares in the company, valued at $3,798,394.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 54.51% of the company’s stock.

Analysts Set New Price Targets

RYAN has been the topic of several research reports. BMO Capital Markets downgraded shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $53.00 to $49.00 in a research note on Monday, October 30th. Citigroup increased their price target on shares of Ryan Specialty from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Finally, The Goldman Sachs Group lowered shares of Ryan Specialty from a “buy” rating to a “neutral” rating and reduced their price target for the company from $57.00 to $53.00 in a research report on Monday, November 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.14.

View Our Latest Report on RYAN

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $43.29 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $11.27 billion, a P/E ratio of 92.11 and a beta of 0.42. The firm’s 50 day moving average price is $43.59 and its 200-day moving average price is $45.37. Ryan Specialty Holdings, Inc. has a one year low of $35.10 and a one year high of $50.64.

Ryan Specialty (NYSE:RYANGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Ryan Specialty had a return on equity of 42.39% and a net margin of 9.18%. The company had revenue of $501.94 million for the quarter, compared to analysts’ expectations of $500.92 million. As a group, equities research analysts predict that Ryan Specialty Holdings, Inc. will post 1.38 EPS for the current year.

About Ryan Specialty

(Free Report)

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

Further Reading

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Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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