Stewart Information Services (NYSE:STC) Issues Earnings Results

Stewart Information Services (NYSE:STC) released its quarterly earnings results on Wednesday. The insurance provider reported $0.17 earnings per share for the quarter, reports. The business had revenue of $554.32 million during the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%.

Stewart Information Services Stock Up 1.1 %

Shares of STC opened at $62.32 on Friday. The company has a quick ratio of 2.11, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $61.82 and a 200 day moving average of $55.78. The company has a market cap of $1.71 billion, a PE ratio of 41.00 and a beta of 1.16. Stewart Information Services has a 52-week low of $36.81 and a 52-week high of $65.35.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services’s dividend payout ratio is currently 125.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Stephens reissued an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Stewart Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Insider Buying and Selling at Stewart Information Services

In other news, Director Matthew Morris sold 12,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the sale, the director now owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STC. Handelsbanken Fonder AB purchased a new position in Stewart Information Services during the 3rd quarter valued at $206,000. Heritage Wealth Management LLC bought a new position in Stewart Information Services in the fourth quarter worth approximately $216,000. Envestnet Portfolio Solutions Inc. purchased a new position in Stewart Information Services during the third quarter valued at approximately $227,000. SG Americas Securities LLC acquired a new stake in shares of Stewart Information Services in the 3rd quarter worth $236,000. Finally, Truist Financial Corp acquired a new stake in shares of Stewart Information Services during the fourth quarter worth about $247,000. Institutional investors own 96.90% of the company’s stock.

About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.