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

Stewart Information Services (NYSE:STC) released its quarterly earnings results on Wednesday. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.13), Briefing.com reports. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. The firm had revenue of $602.20 million for the quarter, compared to analyst estimates of $597.00 million. During the same period in the prior year, the business earned $0.69 earnings per share. Stewart Information Services’s revenue for the quarter was up 9.7% on a year-over-year basis.

Stewart Information Services Stock Performance

Shares of STC traded down $0.81 during midday trading on Thursday, hitting $72.35. 510,111 shares of the stock traded hands, compared to its average volume of 202,716. Stewart Information Services has a 1-year low of $38.40 and a 1-year high of $74.46. The firm has a market capitalization of $2.00 billion, a PE ratio of 47.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 1.95. The business’s 50 day moving average price is $64.16 and its two-hundred day moving average price is $62.45.

Stewart Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s dividend payout ratio (DPR) is 125.00%.

Wall Street Analyst Weigh In

STC has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research note on Thursday. StockNews.com cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods cut their price target on shares of Stewart Information Services from $64.00 to $61.00 and set a “market perform” rating on the stock in a report on Tuesday, July 2nd. Finally, BTIG Research lifted their price objective on shares of Stewart Information Services from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Monday.

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.