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

Ryan Specialty Holdings Inc. (NYSE:RYAN) announced 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 is Tuesday, August 11th.

Ryan Specialty has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ryan Specialty to earn $2.42 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 21.5%.

Ryan Specialty Stock Performance

Shares of RYAN opened at $42.78 on Friday. The company’s fifty day moving average is $38.92 and its 200-day moving average is $38.20. Ryan Specialty has a 12 month low of $29.28 and a 12 month high of $61.05. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 59.42, a price-to-earnings-growth ratio of 0.86 and a beta of 0.59. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 3.51.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. The business had revenue of $916.65 million for the quarter, compared to the consensus estimate of $873.93 million. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. Ryan Specialty’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Equities analysts expect that Ryan Specialty will post 2.15 EPS for the current fiscal year.

Ryan Specialty declared that its board has approved a stock buyback program on Tuesday, May 26th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors 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.