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

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

Ryan Specialty has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 5.2%

Shares of RYAN stock opened at $44.06 on Friday. Ryan Specialty has a 1 year low of $29.28 and a 1 year high of $61.85. The firm has a fifty day moving average price of $37.51 and a 200-day moving average price of $38.39. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 1.01 and a beta of 0.61.

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

Ryan Specialty announced that its board has initiated a stock buyback plan on Tuesday, May 26th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy up to 3.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.