Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) Director Patrick Ryan, Jr. bought 365 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $41.41 per share, for a total transaction of $15,114.65. Following the completion of the purchase, the director owned 256,559 shares in the company, valued at $10,624,108.19. The trade was a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ryan Specialty Trading Down 0.7%
Ryan Specialty stock opened at $38.75 on Wednesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $10.24 billion, a PE ratio of 92.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62. The stock has a 50-day moving average of $48.25 and a two-hundred day moving average of $53.01. Ryan Specialty Holdings Inc. has a one year low of $37.29 and a one year high of $77.16.
Ryan Specialty (NYSE:RYAN - Get Free Report) 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). The company had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.
Ryan Specialty Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, February 24th. This is a positive change from Ryan Specialty's previous quarterly dividend of $0.12. Ryan Specialty's dividend payout ratio (DPR) is currently 123.81%.
Wall Street Analyst Weigh In
RYAN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Ryan Specialty from $63.00 to $56.00 and set an "underweight" rating on the stock in a report on Wednesday, January 7th. Piper Sandler lowered their price target on Ryan Specialty from $58.00 to $43.00 and set a "neutral" rating for the company in a research report on Friday, February 13th. Morgan Stanley cut their price objective on Ryan Specialty from $61.00 to $55.00 and set an "overweight" rating on the stock in a report on Monday. The Goldman Sachs Group set a $61.00 price objective on Ryan Specialty in a research note on Wednesday, January 7th. Finally, UBS Group dropped their target price on Ryan Specialty from $71.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.00.
View Our Latest Research Report on Ryan Specialty
Hedge Funds Weigh In On Ryan Specialty
Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its stake in shares of Ryan Specialty by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company's stock worth $1,190,000 after buying an additional 185 shares during the last quarter. MAI Capital Management raised its position in Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company's stock valued at $32,000 after acquiring an additional 188 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in Ryan Specialty by 5.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company's stock valued at $203,000 after acquiring an additional 192 shares during the period. Public Employees Retirement System of Ohio boosted its position in Ryan Specialty by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company's stock worth $1,848,000 after purchasing an additional 203 shares in the last quarter. Finally, Covestor Ltd boosted its position in Ryan Specialty by 16.8% in the 4th quarter. Covestor Ltd now owns 1,467 shares of the company's stock worth $76,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.
Ryan Specialty Company Profile
(
Get Free Report)
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.
Further Reading
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