Teacher Retirement System of Texas Has $1.63 Million Stock Holdings in Ryan Specialty Holdings Inc. $RYAN

Teacher Retirement System of Texas decreased its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 31.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,953 shares of the company’s stock after selling 13,076 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ryan Specialty were worth $1,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RYAN. Golden State Wealth Management LLC increased its holdings in shares of Ryan Specialty by 10,975.0% during the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after buying an additional 439 shares in the last quarter. MAI Capital Management grew its position in Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after acquiring an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Ryan Specialty in the 2nd quarter worth about $56,000. State of Wyoming bought a new position in Ryan Specialty in the second quarter valued at about $62,000. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of Ryan Specialty by 5.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $203,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

RYAN stock opened at $48.19 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.72. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 104.75, a PEG ratio of 1.20 and a beta of 0.63. The company’s fifty day simple moving average is $52.58 and its 200 day simple moving average is $55.38. Ryan Specialty Holdings Inc. has a 12-month low of $46.18 and a 12-month high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The firm had revenue of $754.58 million during the quarter, compared to analyst estimates of $742.35 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Analyst Ratings Changes

RYAN has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Jefferies Financial Group initiated coverage on shares of Ryan Specialty in a research report on Monday, December 1st. They issued a “hold” rating and a $64.00 price target for the company. Mizuho set a $60.00 price target on shares of Ryan Specialty in a research note on Wednesday, January 14th. Piper Sandler initiated coverage on shares of Ryan Specialty in a research note on Thursday, November 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. Finally, Morgan Stanley set a $61.00 price objective on Ryan Specialty in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ryan Specialty has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Buying and Selling

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of Ryan Specialty stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the completion of the sale, the chief executive officer directly owned 12,553 shares in the company, valued at approximately $672,966.33. The trade was a 91.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 52.21% of the stock is owned by corporate insiders.

Ryan Specialty Company Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.