Stewart Information Services Co. (NYSE:STC) Short Interest Down 13.8% in June

Stewart Information Services Co. (NYSE:STC) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 402,800 shares, a decrease of 13.8% from the June 15th total of 467,400 shares. Based on an average trading volume of 165,800 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STC. BTIG Research increased their target price on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Stephens restated an “overweight” rating and set a $79.00 target price on shares of Stewart Information Services in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods cut their price target on Stewart Information Services from $64.00 to $61.00 and set a “market perform” rating for the company in a report on Tuesday, July 2nd.

Hedge Funds Weigh In On Stewart Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Stewart Information Services during the first quarter worth $111,000. Heritage Wealth Management LLC purchased a new stake in shares of Stewart Information Services during the fourth quarter worth approximately $216,000. Truist Financial Corp purchased a new position in Stewart Information Services in the fourth quarter worth approximately $247,000. Capstone Investment Advisors LLC acquired a new position in Stewart Information Services during the 1st quarter worth approximately $283,000. Finally, ARGA Investment Management LP acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at $293,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Trading Up 2.6 %

STC stock traded up $1.74 during trading on Monday, reaching $69.51. 45,262 shares of the stock were exchanged, compared to its average volume of 197,672. The business has a 50 day moving average price of $62.90 and a 200-day moving average price of $61.75. Stewart Information Services has a 1 year low of $38.40 and a 1 year high of $69.64. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 44.59 and a beta of 1.21.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. The firm had revenue of $554.32 million for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. On average, research analysts predict that Stewart Information Services will post 4.24 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.73%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s payout ratio is 125.00%.

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.