Teachers Retirement System of The State of Kentucky Grows Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Teachers Retirement System of The State of Kentucky grew its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 51.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,760 shares of the company's stock after purchasing an additional 10,460 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Ryan Specialty were worth $2,042,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Ryan Specialty in the third quarter valued at about $25,000. Assetmark Inc. bought a new stake in shares of Ryan Specialty during the 3rd quarter worth approximately $34,000. Crewe Advisors LLC acquired a new stake in shares of Ryan Specialty in the 2nd quarter valued at approximately $39,000. Quarry LP grew its stake in shares of Ryan Specialty by 109.3% in the third quarter. Quarry LP now owns 808 shares of the company's stock valued at $54,000 after buying an additional 422 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Ryan Specialty by 106.4% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock worth $83,000 after buying an additional 644 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Mark Stephen Katz sold 14,790 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $71.39, for a total value of $1,055,858.10. Following the transaction, the executive vice president now owns 12,386 shares of the company's stock, valued at approximately $884,236.54. This trade represents a 54.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Bolger sold 7,055 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $70.88, for a total value of $500,058.40. Following the transaction, the director now owns 78,149 shares in the company, valued at approximately $5,539,201.12. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,845 shares of company stock worth $6,249,417 in the last three months. Company insiders own 11.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RYAN. Barclays lifted their price objective on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on Ryan Specialty from $64.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on Ryan Specialty from $63.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Bank of America boosted their target price on Ryan Specialty from $75.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Morgan Stanley assumed coverage on Ryan Specialty in a report on Thursday, December 5th. They set an "overweight" rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $73.50.

Ryan Specialty Stock Performance

Ryan Specialty stock traded down $1.01 during midday trading on Tuesday, hitting $65.44. The company's stock had a trading volume of 838,724 shares, compared to its average volume of 867,305. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 84.99, a PEG ratio of 1.52 and a beta of 0.67. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day moving average price of $70.69 and a two-hundred day moving average price of $64.71. Ryan Specialty Holdings, Inc. has a 1-year low of $41.57 and a 1-year high of $75.97.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The firm had revenue of $604.69 million during the quarter, compared to the consensus estimate of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The business's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.44 annualized dividend and a yield of 0.67%. Ryan Specialty's dividend payout ratio is currently 57.14%.

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.