Teacher Retirement System of Texas Sells 18,820 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Teacher Retirement System of Texas trimmed its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,379 shares of the company's stock after selling 18,820 shares during the period. Teacher Retirement System of Texas' holdings in Ryan Specialty were worth $4,387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Ryan Specialty by 107.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 459,464 shares of the company's stock valued at $30,504,000 after buying an additional 238,064 shares during the last quarter. Bar Harbor Wealth Management boosted its position in Ryan Specialty by 5.9% during the fourth quarter. Bar Harbor Wealth Management now owns 168,871 shares of the company's stock worth $10,835,000 after purchasing an additional 9,482 shares during the period. Barclays PLC boosted its position in Ryan Specialty by 1.1% during the third quarter. Barclays PLC now owns 1,641,743 shares of the company's stock worth $108,994,000 after purchasing an additional 17,267 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Ryan Specialty by 43.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 938,187 shares of the company's stock valued at $62,286,000 after purchasing an additional 286,380 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Ryan Specialty by 51.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,760 shares of the company's stock valued at $2,042,000 after buying an additional 10,460 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $65.99, for a total transaction of $2,309,650.00. Following the completion of the transaction, the director now owns 35,609 shares in the company, valued at $2,349,837.91. This trade represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,360 shares of company stock worth $16,006,428. 11.10% of the stock is currently owned by corporate insiders.

Ryan Specialty Price Performance

NYSE RYAN traded up $0.15 during trading hours on Friday, reaching $72.98. 860,892 shares of the stock traded hands, compared to its average volume of 930,027. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 105.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.71. Ryan Specialty Holdings, Inc. has a 1 year low of $48.48 and a 1 year high of $75.97. The stock has a 50 day simple moving average of $68.61 and a two-hundred day simple moving average of $68.19. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The firm had revenue of $663.53 million for the quarter, compared to the consensus estimate of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. On average, analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.12 per share. This is an increase from Ryan Specialty's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, March 4th. Ryan Specialty's payout ratio is presently 69.57%.

Wall Street Analysts Forecast Growth

RYAN has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective on shares of Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. UBS Group increased their price objective on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company raised their target price on Ryan Specialty from $64.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Morgan Stanley started coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They issued an "overweight" rating and a $90.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $75.27.

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.