Ryan Specialty Holdings Inc. (NYSE:RYAN) Increases Dividend to $0.13 Per Share

Ryan Specialty Holdings Inc. (NYSE:RYAN) announced a quarterly dividend on Thursday, February 12th. Investors 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 dividend yield of 1.2%. 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 18.7% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.48 annual dividend with an expected future payout ratio of 17.3%.

Ryan Specialty Trading Up 3.1%

NYSE RYAN opened at $44.38 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $11.71 billion, a P/E ratio of 96.48, a PEG ratio of 1.09 and a beta of 0.62. The firm’s 50-day moving average is $50.49 and its two-hundred day moving average is $54.21. Ryan Specialty has a 12 month low of $42.56 and a 12 month high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.05). Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The firm had revenue of $751.21 million during the quarter, compared to analysts’ expectations of $777.43 million. During the same quarter in the prior year, the firm posted $0.45 EPS. Ryan Specialty’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryan Specialty will post 2.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RYAN shares. Keefe, Bruyette & Woods dropped their price objective on Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. BMO Capital Markets lowered their price target on Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Morgan Stanley set a $61.00 price target on shares of Ryan Specialty in a research note on Tuesday, December 16th. Wells Fargo & Company boosted their price objective on shares of Ryan Specialty from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Cantor Fitzgerald lowered their target price on shares of Ryan Specialty from $63.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.81.

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.