Zacks Research upgraded shares of Stewart Information Services (NYSE:STC – Free Report) to a hold rating in a report published on Wednesday morning,Zacks.com reports.
Several other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research report on Friday, March 27th. Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Citizens Jmp assumed coverage on Stewart Information Services in a research report on Monday, February 2nd. They set a “market outperform” rating and a $80.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Stephens restated an “overweight” rating and issued a $88.00 price objective on shares of Stewart Information Services in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Stewart Information Services presently has an average rating of “Moderate Buy” and an average target price of $83.00.
Get Our Latest Stock Report on STC
Stewart Information Services Stock Down 2.6%
Stewart Information Services (NYSE:STC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.26. The firm had revenue of $778.40 million for the quarter, compared to analyst estimates of $730.43 million. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities research analysts expect that Stewart Information Services will post 5.8 earnings per share for the current fiscal year.
Stewart Information Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.2%. Stewart Information Services’s payout ratio is presently 46.88%.
Insider Buying and Selling
In related news, CFO David C. Hisey sold 10,992 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $71.28, for a total transaction of $783,509.76. Following the transaction, the chief financial officer directly owned 61,929 shares of the company’s stock, valued at approximately $4,414,299.12. The trade was a 15.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Allen Bradley, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $65.34 per share, for a total transaction of $65,340.00. Following the completion of the acquisition, the director directly owned 21,243 shares in the company, valued at $1,388,017.62. The trade was a 4.94% increase in their position. The SEC filing for this purchase provides additional information. 2.94% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Beacon Harbor Wealth Advisors Inc. bought a new position in Stewart Information Services during the 4th quarter worth $6,227,000. Intech Investment Management LLC increased its position in Stewart Information Services by 111.0% during the 3rd quarter. Intech Investment Management LLC now owns 57,198 shares of the insurance provider’s stock worth $4,194,000 after buying an additional 30,093 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Stewart Information Services during the 3rd quarter worth $1,389,000. Portolan Capital Management LLC bought a new position in Stewart Information Services during the 3rd quarter worth $7,463,000. Finally, Penn Capital Management Company LLC bought a new position in Stewart Information Services during the 3rd quarter worth $2,309,000. 96.90% of the stock is owned by institutional investors and hedge funds.
Stewart Information Services Company Profile
Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.
In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.
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