Ryan Specialty Holdings Inc. (RYAN) To Go Ex-Dividend on November 10th

Ryan Specialty Holdings Inc. (NYSE:RYAN) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.13 per share on Tuesday, November 24th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

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

Shares of Ryan Specialty stock opened at $47.71 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 4.03. The firm has a market capitalization of $12.20 billion, a P/E ratio of 58.90, a P/E/G ratio of 1.01 and a beta of 0.54. The business has a fifty day simple moving average of $40.75 and a two-hundred day simple moving average of $39.06. Ryan Specialty has a 12 month low of $29.28 and a 12 month high of $58.94.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $789.96 million for the quarter, compared to analysts’ expectations of $792.99 million. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. During the same quarter in the previous year, the business posted $0.47 EPS. On average, equities analysts forecast that Ryan Specialty will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryan Specialty

Institutional investors have recently made changes to their positions in the business. Diversified Trust Co increased its position in Ryan Specialty by 6.6% in the third quarter. Diversified Trust Co now owns 32,470 shares of the company’s stock worth $1,201,000 after buying an additional 2,014 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Ryan Specialty by 8.8% in the third quarter. Fifth Third Bancorp now owns 28,944 shares of the company’s stock worth $1,071,000 after buying an additional 2,341 shares during the period. Maryland State Retirement & Pension System bought a new position in shares of Ryan Specialty in the third quarter worth about $238,000. Jacobi Capital Management LLC purchased a new position in shares of Ryan Specialty during the 3rd quarter valued at about $42,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Ryan Specialty during the 3rd quarter valued at about $751,000. Institutional investors own 84.82% of the company’s stock.

About Ryan Specialty

Ryan Specialty is a specialty insurance organization that provides distribution, underwriting and related services to insurance brokers, agents and carriers. Its business includes wholesale brokerage, which helps insurance professionals place coverage for risks that may be difficult to insure in the standard market, and underwriting management services for specialty insurance products.

The company works across a range of property and casualty insurance lines, including professional liability, transportation, property, casualty and other specialty risks.