Stewart Information Services Corporation (NYSE:STC – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $67.08 and traded as high as $68.47. Stewart Information Services shares last traded at $67.9240, with a volume of 182,177 shares.
Analyst Ratings Changes
STC has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and issued a $88.00 price objective on shares of Stewart Information Services in a research report on Monday, May 18th. Keefe, Bruyette & Woods lowered their target price on shares of Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings raised Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Finally, Zacks Research upgraded Stewart Information Services to a “hold” rating in a research note on Wednesday, May 27th. Four 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.
Check Out Our Latest Stock Analysis on STC
Stewart Information Services Stock Performance
Stewart Information Services (NYSE:STC – Get Free Report) last issued its 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. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The business had revenue of $778.40 million for the quarter, compared to analyst estimates of $730.43 million. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 27.7% on a year-over-year basis. Equities research analysts anticipate that Stewart Information Services Corporation will post 5.8 EPS for the current year.
Stewart Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. Stewart Information Services’s payout ratio is currently 46.88%.
Insider Transactions at Stewart Information Services
In related news, CFO David C. Hisey sold 10,992 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $71.28, for a total transaction of $783,509.76. Following the completion of the sale, the chief financial officer owned 61,929 shares of the company’s stock, valued at approximately $4,414,299.12. This represents a 15.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Allen Bradley, Jr. acquired 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $63.87 per share, with a total value of $63,870.00. Following the transaction, the director directly owned 25,034 shares of the company’s stock, valued at approximately $1,598,921.58. This represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.94% of the stock is currently owned by insiders.
Institutional Trading of Stewart Information Services
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Stewart Information Services during the 4th quarter valued at approximately $6,227,000. Vanguard Group Inc. lifted its stake in Stewart Information Services by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock worth $143,665,000 after purchasing an additional 90,233 shares during the last quarter. HighTower Advisors LLC acquired a new position in Stewart Information Services in the fourth quarter worth $1,377,000. Portolan Capital Management LLC acquired a new position in Stewart Information Services in the third quarter worth $7,463,000. Finally, Seven Grand Managers LLC bought a new stake in Stewart Information Services during the fourth quarter valued at $1,756,000. 96.90% of the stock is owned by hedge funds and other institutional investors.
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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