Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock to Pay Quarterly Dividend of $0.13

Key Points

• Ryan Specialty declared a quarterly dividend of $0.13 per share, payable November 24 to shareholders of record on November 10. The dividend implies an annualized payout of $0.52 and a 1.2% yield.
• The dividend appears well covered, with a current payout ratio of 20.3% and an expected future payout ratio of 21.1% based on projected earnings.
• Ryan Specialty reported quarterly EPS of $0.51, exceeding analysts’ $0.49 estimate, while revenue of $789.96 million fell slightly short of forecasts. Analysts’ consensus rating is “Hold,” with an average price target of $52.21.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 10th.

Ryan Specialty has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ryan Specialty to earn $2.47 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 21.1%.

Ryan Specialty Price Performance

Shares of NYSE:RYAN opened at $43.19 on Friday. The firm's 50 day moving average is $40.41 and its two-hundred day moving average is $39.20. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.51. The firm has a market capitalization of $11.05 billion, a P/E ratio of 59.99, a PEG ratio of 0.87 and a beta of 0.61. Ryan Specialty has a 52 week low of $29.28 and a 52 week high of $58.94.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.02. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%. The company had revenue of $789.96 million during the quarter, compared to analyst estimates of $792.99 million. During the same quarter in the previous year, the firm posted $0.47 EPS. Analysts anticipate that Ryan Specialty will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Ryan Specialty from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. UBS Group boosted their target price on shares of Ryan Specialty from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Ryan Specialty from $48.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Citigroup boosted their target price on Ryan Specialty from $50.00 to $53.50 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Cantor Fitzgerald boosted their target price on shares of Ryan Specialty from $34.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $52.21.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.

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