Stewart Information Services Corporation (NYSE:STC – Get Free Report) declared a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.525 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 15th.
Stewart Information Services has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Stewart Information Services has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stewart Information Services to earn $6.80 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 30.9%.
Stewart Information Services Trading Down 1.8%
NYSE:STC opened at $63.79 on Tuesday. Stewart Information Services has a 52-week low of $56.39 and a 52-week high of $78.61. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $65.62 and a 200-day simple moving average of $68.44. The company has a market capitalization of $1.94 billion, a PE ratio of 14.24 and a beta of 0.99.
Insider Activity
In other news, CFO David C. Hisey sold 10,992 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $71.28, for a total value of $783,509.76. Following the completion of the transaction, the chief financial officer directly owned 61,929 shares in the company, valued at approximately $4,414,299.12. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $65.34 per share, with a total value of $65,340.00. Following the completion of the acquisition, the director owned 21,243 shares in the company, valued at approximately $1,388,017.62. This represents a 4.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.94% of the company’s stock.
Hedge Funds Weigh In On Stewart Information Services
A number of institutional investors have recently added to or reduced their stakes in STC. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Stewart Information Services in the 4th quarter worth approximately $6,227,000. Intech Investment Management LLC increased its holdings in shares of Stewart Information Services by 111.0% in the 3rd quarter. Intech Investment Management LLC now owns 57,198 shares of the insurance provider’s stock valued at $4,194,000 after acquiring an additional 30,093 shares during the last quarter. Portolan Capital Management LLC acquired a new stake in shares of Stewart Information Services during the 3rd quarter valued at approximately $7,463,000. Penn Capital Management Company LLC bought a new position in Stewart Information Services during the third quarter worth $2,309,000. Finally, Capital International Investors lifted its stake in Stewart Information Services by 107.7% during the third quarter. Capital International Investors now owns 764,459 shares of the insurance provider’s stock worth $56,050,000 after purchasing an additional 396,390 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
About Stewart Information Services
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.
Read More
- Five stocks we like better than Stewart Information Services
- 5 Reasons to Pony Up for Pony AI Stock—and 1 Reason to Wait
- Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?
- Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
- Why 1 Little-Known ETF Is Riding the AI Chip Shortage
Receive News & Ratings for Stewart Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stewart Information Services and related companies with MarketBeat.com's FREE daily email newsletter.
