Key Points
- Ryan Specialty EVP Mark Stephen Katz bought 3,215 shares at an average price of $31.07, totaling about $99,890, and lifted his stake to 4,332 shares. The purchase increased his position by nearly 288% and was disclosed in an SEC filing.
- The company recently reported better-than-expected quarterly results, with EPS of $0.47 versus the $0.43 consensus and revenue of $795.23 million, up 15.2% year over year. It also beat revenue expectations and posted a net margin of 8.21%.
- Ryan Specialty's board authorized a $300 million share buyback and the company pays a quarterly dividend of $0.13 per share, equal to a 1.6% annual yield. Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $46.76.
Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) EVP Mark Stephen Katz acquired 3,215 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average cost of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the purchase, the executive vice president owned 4,332 shares in the company, valued at $134,595.24. The trade was a 287.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Ryan Specialty Price Performance
Shares of NYSE RYAN opened at $31.74 on Friday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 0.74 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $70.09. The company's 50-day moving average price is $33.54 and its 200 day moving average price is $42.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90.
Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The firm had revenue of $795.23 million for the quarter, compared to analysts' expectations of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm's revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. As a group, research analysts forecast that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current fiscal year.
Ryan Specialty announced that its board has initiated a stock buyback program on Tuesday, May 26th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Ryan Specialty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty's dividend payout ratio (DPR) is currently 67.53%.
Analyst Upgrades and Downgrades
RYAN has been the topic of several analyst reports. Cantor Fitzgerald decreased their price target on shares of Ryan Specialty from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $42.00 price target on shares of Ryan Specialty in a research note on Friday, May 1st. Piper Sandler decreased their price target on shares of Ryan Specialty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, May 1st. Mizuho set a $35.00 price target on shares of Ryan Specialty in a research note on Friday, May 1st. Finally, UBS Group set a $39.00 price target on shares of Ryan Specialty in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ryan Specialty currently has a consensus rating of "Hold" and an average price target of $46.76.
Get Our Latest Analysis on RYAN
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of RYAN. Los Angeles Capital Management LLC purchased a new position in shares of Ryan Specialty during the 4th quarter worth about $25,000. Advisory Services Network LLC purchased a new position in shares of Ryan Specialty during the 3rd quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company's stock worth $30,000 after acquiring an additional 569 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company's stock worth $34,000 after acquiring an additional 242 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Ryan Specialty by 54.9% during the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company's stock worth $34,000 after acquiring an additional 359 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.
About Ryan Specialty
(
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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