Stewart Information Services Corporation (NYSE:STC – Get Free Report) Director C Allen Bradley, Jr. bought 2,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was purchased at an average price of $47.30 per share, with a total value of $94,600.00. Following the transaction, the director owned 27,034 shares in the company, valued at $1,278,708.20. The trade was a 7.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Stewart Information Services Price Performance
Shares of Stewart Information Services stock traded down $1.07 during trading on Monday, hitting $43.00. The stock had a trading volume of 846,107 shares, compared to its average volume of 405,096. The business has a fifty day moving average of $60.20 and a two-hundred day moving average of $65.20. The firm has a market cap of $1.31 billion, a P/E ratio of 10.78 and a beta of 1.04. Stewart Information Services Corporation has a fifty-two week low of $42.73 and a fifty-two week high of $78.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.98.
Stewart Information Services (NYSE:STC – Get Free Report) last announced its earnings results on Wednesday, October 21st. The insurance provider reported $1.33 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.17). Stewart Information Services had a net margin of 3.58% and a return on equity of 9.39%. The company had revenue of $900.70 million for the quarter, compared to analysts’ expectations of $903.67 million. During the same period in the prior year, the company earned $1.64 earnings per share. On average, sell-side analysts expect that Stewart Information Services Corporation will post 4.89 earnings per share for the current fiscal year.
Stewart Information Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a yield of 5.1%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.5250. Stewart Information Services’s dividend payout ratio (DPR) is presently 55.14%.
Institutional Investors Weigh In On Stewart Information Services
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Stewart Information Services during the 2nd quarter worth approximately $347,274,000. Bank of New York Mellon Corp bought a new stake in Stewart Information Services in the 2nd quarter valued at $17,759,000. Bank of America Corp DE boosted its stake in Stewart Information Services by 1.2% in the 1st quarter. Bank of America Corp DE now owns 215,213 shares of the insurance provider’s stock valued at $13,253,000 after purchasing an additional 2,631 shares during the period. Principal Financial Group Inc. grew its holdings in Stewart Information Services by 10.0% in the 1st quarter. Principal Financial Group Inc. now owns 146,870 shares of the insurance provider’s stock valued at $9,044,000 after buying an additional 13,317 shares in the last quarter. Finally, Heartland Advisors Inc. acquired a new position in Stewart Information Services in the 2nd quarter valued at $8,252,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
STC has been the topic of several research reports. Citigroup restated a “market outperform” rating on shares of Stewart Information Services in a research note on Monday, October 12th. Weiss Ratings cut shares of Stewart Information Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Keefe, Bruyette & Woods lowered shares of Stewart Information Services from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $77.00 to $71.00 in a research note on Monday, July 27th. Stephens lowered their target price on Stewart Information Services from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Zacks Research lowered shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.75.
View Our Latest Stock Analysis on Stewart Information Services
About Stewart Information Services
Stewart Information Services Corporation (NYSE: STC) is a global provider of title insurance and real estate transaction services. Through its Stewart Title operations, the company helps protect property owners, lenders and other participants from losses arising from defects in a property’s title.
The company offers title searches and examinations, title insurance policies, escrow and closing services, settlement services, and related solutions for residential and commercial real estate transactions.
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