Several other brokerages also recently issued reports on STC. BTIG Research cut their price objective on Stewart Information Services from $89.00 to $80.00 in a research report on Friday, April 29th. Zacks Investment Research downgraded Stewart Information Services from a strong-buy rating to a hold rating in a research report on Wednesday, May 4th.
Shares of STC stock opened at $56.17 on Tuesday. The stock’s fifty day simple moving average is $58.89 and its 200 day simple moving average is $68.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.29 and a quick ratio of 2.18. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 4.66 and a beta of 1.14. Stewart Information Services has a one year low of $49.18 and a one year high of $81.00.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were given a dividend of $0.375 per share. The ex-dividend date was Monday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.67%. Stewart Information Services’s payout ratio is currently 12.51%.
In related news, Director C Allen Bradley, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was acquired at an average cost of $66.54 per share, with a total value of $66,540.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Mark Lessack acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average cost of $55.20 per share, with a total value of $165,600.00. Following the completion of the purchase, the insider now owns 9,291 shares of the company’s stock, valued at $512,863.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,000 shares of company stock valued at $388,140. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC acquired a new stake in shares of Stewart Information Services during the fourth quarter worth $218,000. Balyasny Asset Management LLC acquired a new stake in shares of Stewart Information Services during the third quarter worth $1,837,000. Clifford Capital Partners LLC grew its stake in shares of Stewart Information Services by 6.0% during the third quarter. Clifford Capital Partners LLC now owns 8,386 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 474 shares during the period. Raymond James & Associates grew its stake in shares of Stewart Information Services by 4.2% during the third quarter. Raymond James & Associates now owns 11,754 shares of the insurance provider’s stock worth $744,000 after purchasing an additional 471 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Stewart Information Services by 1.6% during the third quarter. Voya Investment Management LLC now owns 25,698 shares of the insurance provider’s stock worth $1,626,000 after purchasing an additional 403 shares during the period. 92.23% of the stock is owned by institutional investors and hedge funds.
About Stewart Information Services (Get Rating)
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates in two segments, Title, and Ancillary Services and Corporate. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
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