Ryan Specialty Holdings Inc. (RYAN) To Go Ex-Dividend on February 24th

Ryan Specialty Holdings Inc. (NYSE:RYAN) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, February 24th will be paid a dividend of 0.13 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, February 24th. This is a 8.3% increase from Ryan Specialty’s previous quarterly dividend of $0.12.

Ryan Specialty has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ryan Specialty to earn $2.77 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 18.8%.

Ryan Specialty Price Performance

RYAN opened at $41.36 on Friday. Ryan Specialty has a 52-week low of $37.29 and a 52-week high of $77.16. The company has a 50 day moving average of $48.85 and a two-hundred day moving average of $53.32. The company has a market cap of $10.91 billion, a P/E ratio of 98.49, a P/E/G ratio of 1.07 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 2.62.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The business had revenue of $751.21 million during the quarter, compared to analysts’ expectations of $777.43 million. During the same period in the prior year, the business posted $0.45 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, analysts expect that Ryan Specialty will post 2.29 earnings per share for the current year.

Insider Buying and Selling at Ryan Specialty

In other news, CEO Timothy William Turner sold 129,570 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $53.61, for a total value of $6,946,247.70. Following the sale, the chief executive officer owned 12,553 shares in the company, valued at approximately $672,966.33. This represents a 91.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 52.21% of the company’s stock.

Institutional Trading of Ryan Specialty

Several hedge funds and other institutional investors have recently bought and sold shares of RYAN. Ameritas Investment Partners Inc. lifted its holdings in Ryan Specialty by 0.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock worth $1,190,000 after buying an additional 185 shares during the last quarter. MAI Capital Management raised its position in shares of Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after acquiring an additional 188 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its stake in Ryan Specialty by 5.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company’s stock worth $203,000 after purchasing an additional 192 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Ryan Specialty by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock worth $1,848,000 after purchasing an additional 203 shares during the last quarter. Finally, Covestor Ltd increased its stake in Ryan Specialty by 16.8% during the fourth quarter. Covestor Ltd now owns 1,467 shares of the company’s stock valued at $76,000 after purchasing an additional 211 shares during the last quarter. 84.82% of the stock is owned by institutional investors.

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.