Ryan Specialty Holdings, Inc. (NYSE:RYAN) Plans Quarterly Dividend of $0.11

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Tuesday, May 14th will be given a dividend of 0.11 per share on Tuesday, May 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, May 13th.

Ryan Specialty has a dividend payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ryan Specialty to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 20.7%.

Ryan Specialty Stock Performance

RYAN traded down $1.45 during trading on Friday, hitting $51.50. 2,143,221 shares of the company traded hands, compared to its average volume of 804,185. Ryan Specialty has a one year low of $39.44 and a one year high of $56.51. The stock's fifty day moving average is $52.56 and its 200 day moving average is $47.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.98. The firm has a market cap of $13.40 billion, a P/E ratio of 97.17 and a beta of 0.58.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 46.11%. The firm had revenue of $552.00 million during the quarter, compared to the consensus estimate of $549.06 million. During the same period in the prior year, the firm earned $0.26 EPS. The company's revenue was up 20.6% compared to the same quarter last year. As a group, equities analysts predict that Ryan Specialty will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

RYAN has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on Ryan Specialty from $56.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Citigroup upped their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an "underweight" rating in a research note on Monday, April 8th. JMP Securities reissued a "market perform" rating on shares of Ryan Specialty in a research report on Monday, April 15th. Finally, Wells Fargo & Company raised their price objective on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.25.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.