Ryan Specialty Holdings Inc. (RYAN) to Distribute Quarterly Dividend of $0.13 on August 25th

Ryan Specialty Holdings Inc. (NYSE:RYAN) announced a quarterly dividend on Thursday, July 30th. Investors 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 dividend yield of 1.2%. The ex-dividend date is Tuesday, August 11th.

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

NYSE:RYAN opened at $44.26 on Friday. Ryan Specialty has a one year low of $29.28 and a one year high of $61.85. The stock has a market cap of $11.67 billion, a PE ratio of 61.47, a P/E/G ratio of 0.96 and a beta of 0.61. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $37.74 and a 200 day moving average price of $38.43.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. The company had revenue of $916.65 million for the quarter, compared to analyst estimates of $873.93 million. Ryan Specialty had a return on equity of 42.02% and a net margin of 7.55%.The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities research analysts expect that Ryan Specialty will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mark Stephen Katz purchased 3,215 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $31.07 per share, for a total transaction 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 $134,595.24. The trade was a 287.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Patrick G. Ryan acquired 120,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the completion of the transaction, the chairman owned 13,817,859 shares in the company, valued at approximately $449,080,417.50. The trade was a 0.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 130,715 shares of company stock worth $4,263,590. Company insiders own 52.03% of the company’s stock.

Institutional Trading of Ryan Specialty

A number of hedge funds and other institutional investors have recently bought and sold shares of RYAN. Los Angeles Capital Management LLC acquired a new position in shares of Ryan Specialty during the 4th quarter worth about $25,000. Advisory Services Network LLC acquired a new stake in shares of Ryan Specialty during the 3rd quarter worth about $28,000. SBI Securities Co. Ltd. raised its position in shares of Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 569 shares in the last quarter. Parallel Advisors LLC lifted its stake in Ryan Specialty by 54.9% during the first quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Ryan Specialty by 173.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after purchasing an additional 450 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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.