Louisiana State Employees Retirement System Purchases 500 Shares of Ryan Specialty Holdings Inc. $RYAN

Louisiana State Employees Retirement System boosted its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,300 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ryan Specialty were worth $2,060,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Ryan Specialty by 4.0% in the first quarter. Vanguard Group Inc. now owns 10,271,428 shares of the company’s stock valued at $758,750,000 after acquiring an additional 390,924 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ryan Specialty by 66.4% during the first quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company’s stock valued at $225,404,000 after buying an additional 1,218,147 shares during the period. Blair William & Co. IL boosted its position in Ryan Specialty by 0.7% during the first quarter. Blair William & Co. IL now owns 2,784,916 shares of the company’s stock valued at $205,722,000 after buying an additional 18,953 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Ryan Specialty by 0.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,378,573 shares of the company’s stock valued at $175,706,000 after buying an additional 12,573 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in Ryan Specialty by 2.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,642,527 shares of the company’s stock valued at $121,333,000 after buying an additional 34,932 shares during the period. Institutional investors own 84.82% of the company’s stock.

Insider Transactions at Ryan Specialty

In related news, Chairman Patrick G. Ryan purchased 276,634 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average cost of $51.84 per share, with a total value of $14,340,706.56. Following the completion of the purchase, the chairman directly owned 13,699,959 shares in the company, valued at approximately $710,205,874.56. This represents a 2.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on RYAN. Wolfe Research upgraded shares of Ryan Specialty to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley cut their price target on shares of Ryan Specialty from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. JPMorgan Chase & Co. cut their price target on shares of Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating for the company in a research report on Thursday. Wall Street Zen upgraded shares of Ryan Specialty from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, UBS Group cut their price target on shares of Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ryan Specialty has an average rating of “Moderate Buy” and an average target price of $71.08.

Ryan Specialty Stock Performance

Ryan Specialty stock opened at $55.18 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The firm has a 50-day moving average of $56.28 and a 200-day moving average of $63.97. The firm has a market cap of $14.55 billion, a P/E ratio of 157.66, a P/E/G ratio of 1.54 and a beta of 0.63. Ryan Specialty Holdings Inc. has a 1-year low of $50.08 and a 1-year high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $855.17 million during the quarter, compared to analyst estimates of $837.52 million. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. Ryan Specialty’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Sell-side analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Ryan Specialty’s dividend payout ratio is presently 137.14%.

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.