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

Teacher Retirement System of Texas lowered its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,379 shares of the company's stock after selling 18,820 shares during the quarter. Teacher Retirement System of Texas' holdings in Ryan Specialty were worth $4,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC acquired a new position in shares of Ryan Specialty during the third quarter worth approximately $2,021,000. Intech Investment Management LLC boosted its position in Ryan Specialty by 61.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,544 shares of the company's stock valued at $1,098,000 after buying an additional 6,316 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ryan Specialty by 43.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 938,187 shares of the company's stock valued at $62,286,000 after buying an additional 286,380 shares during the period. Great Valley Advisor Group Inc. acquired a new position in shares of Ryan Specialty during the third quarter valued at $346,000. Finally, Loomis Sayles & Co. L P boosted its holdings in Ryan Specialty by 26.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company's stock valued at $91,000 after acquiring an additional 286 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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Ryan Specialty Trading Up 1.8 %

NYSE:RYAN traded up $1.29 during trading hours on Thursday, hitting $72.83. 1,082,698 shares of the company were exchanged, compared to its average volume of 911,148. The company has a fifty day simple moving average of $68.61 and a 200 day simple moving average of $68.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 105.55, a price-to-earnings-growth ratio of 1.19 and a beta of 0.71. Ryan Specialty Holdings, Inc. has a one year low of $48.48 and a one year high of $75.97.

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

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.12 dividend. This is a positive change from Ryan Specialty's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 4th. This represents a $0.48 annualized dividend and a yield of 0.66%. Ryan Specialty's dividend payout ratio (DPR) is 69.57%.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 31,409 shares of Ryan Specialty stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $65.64, for a total value of $2,061,686.76. Following the transaction, the director now directly owns 2,697 shares of the company's stock, valued at $177,031.08. The trade was a 92.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The disclosure for this sale can be found here. Insiders have sold 241,360 shares of company stock worth $16,006,428 in the last ninety days. Company insiders own 11.10% of the company's stock.

Analyst Upgrades and Downgrades

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