Stewart Information Services (NYSE:STC) Issues Quarterly Earnings Results

Stewart Information Services (NYSE:STC) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.17 EPS for the quarter, reports. The company had revenue of $554.32 million during the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.68%.

Stewart Information Services Trading Up 0.6 %

NYSE STC opened at $62.00 on Friday. Stewart Information Services has a one year low of $36.81 and a one year high of $65.35. The company’s 50 day moving average price is $61.81 and its 200 day moving average price is $55.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.11 and a current ratio of 2.11. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 40.58 and a beta of 1.16.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.90 annualized dividend and a dividend yield of 3.06%. Stewart Information Services’s payout ratio is currently 125.00%.

Insider Activity at Stewart Information Services

In other news, Director Matthew Morris sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total transaction of $757,320.00. Following the completion of the sale, the director now owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stewart Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Stewart Information Services in the 3rd quarter worth approximately $236,000. Handelsbanken Fonder AB bought a new stake in Stewart Information Services in the third quarter valued at $206,000. Azarias Capital Management L.P. grew its position in Stewart Information Services by 107.8% in the third quarter. Azarias Capital Management L.P. now owns 160,856 shares of the insurance provider’s stock valued at $7,045,000 after acquiring an additional 83,452 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Stewart Information Services by 6.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider’s stock worth $645,000 after purchasing an additional 860 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Stewart Information Services by 215.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 4,550 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Stephens reiterated an “overweight” rating and issued a $79.00 price target on shares of Stewart Information Services in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.33.

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.