Ryan Specialty Holdings Inc. Announces Quarterly Dividend of $0.13 (NYSE:RYAN)

Ryan Specialty Holdings Inc. (NYSE:RYAN) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.13 per share on Tuesday, August 25th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 11th.

Ryan Specialty has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ryan Specialty to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 22.0%.

Ryan Specialty Price Performance

Ryan Specialty stock opened at $44.06 on Friday. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 1.01 and a beta of 0.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90. Ryan Specialty has a 12 month low of $29.28 and a 12 month high of $61.85. The stock’s 50 day moving average is $37.51 and its 200-day moving average is $38.39.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.14. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business had revenue of $916.65 million during the quarter, compared to the consensus estimate of $873.93 million. During the same period in the previous year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Ryan Specialty will post 2.06 EPS for the current year.

Insider Transactions at Ryan Specialty

In other news, Director John W. Rogers, Jr. acquired 7,500 shares of the stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the completion of the transaction, the director directly owned 117,933 shares in the company, valued at approximately $4,146,524.28. This trade represents a 6.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Stephen Katz bought 3,215 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average price of $31.07 per share, with a total value of $99,890.05. Following the completion of the purchase, the executive vice president directly owned 4,332 shares of the company’s stock, valued at approximately $134,595.24. The trade was a 287.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 130,715 shares of company stock valued at $4,263,590. Company insiders own 52.03% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

A number of institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its position in shares of Ryan Specialty by 79.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after buying an additional 3,353,926 shares during the last quarter. Capital World Investors grew its position in Ryan Specialty by 0.3% in the fourth quarter. Capital World Investors now owns 6,640,638 shares of the company’s stock valued at $342,856,000 after acquiring an additional 17,082 shares during the last quarter. Vulcan Value Partners LLC grew its position in Ryan Specialty by 631.7% in the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock valued at $238,536,000 after acquiring an additional 3,989,502 shares during the last quarter. Principal Financial Group Inc. raised its stake in Ryan Specialty by 0.9% during the first quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock worth $148,856,000 after acquiring an additional 37,339 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its stake in Ryan Specialty by 9.3% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock worth $218,010,000 after acquiring an additional 368,247 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

About Ryan Specialty

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.