Ryan Specialty Holdings Inc. (RYAN) To Go Ex-Dividend on May 12th

Ryan Specialty Holdings Inc. (NYSE:RYAN) announced a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, May 12th will be paid a dividend of 0.13 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 12th.

Ryan Specialty has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ryan Specialty to earn $2.44 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 21.3%.

Ryan Specialty Price Performance

Shares of RYAN stock opened at $31.26 on Friday. Ryan Specialty has a 1-year low of $29.28 and a 1-year high of $72.50. The stock’s 50-day moving average is $35.54 and its 200 day moving average is $45.85. The company has a market cap of $8.26 billion, a P/E ratio of 40.60, a PEG ratio of 0.72 and a beta of 0.68. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 0.98.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The company had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts predict that Ryan Specialty will post 2.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RYAN. Zacks Research downgraded Ryan Specialty from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryan Specialty in a research note on Monday, May 4th. Citigroup decreased their price target on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Keefe, Bruyette & Woods decreased their price target on Ryan Specialty from $49.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, Wells Fargo & Company cut Ryan Specialty from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $42.00 to $31.00 in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.82.

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.