Stewart Information Services (STC) to Release Earnings on Wednesday

Stewart Information Services (NYSE:STCGet Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 27th.

Stewart Information Services (NYSE:STCGet Rating) last issued its earnings results on Wednesday, February 9th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter. Stewart Information Services had a net margin of 9.78% and a return on equity of 25.96%. The company had revenue of $961.67 million for the quarter. During the same quarter in the previous year, the company earned $2.09 earnings per share. On average, analysts expect Stewart Information Services to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Stewart Information Services stock opened at $53.32 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.37. Stewart Information Services has a 1 year low of $51.57 and a 1 year high of $81.00. The business’s 50-day simple moving average is $63.34. The company has a market cap of $1.43 billion, a PE ratio of 4.48 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Monday, March 14th. Stewart Information Services’s payout ratio is 12.62%.

In related news, Director C Allen Bradley, Jr. bought 1,000 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was bought at an average cost of $66.54 per share, for a total transaction of $66,540.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.35% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new stake in Stewart Information Services during the 4th quarter valued at approximately $203,000. Qtron Investments LLC acquired a new stake in Stewart Information Services during the 4th quarter valued at approximately $322,000. Jane Street Group LLC acquired a new stake in Stewart Information Services during the 3rd quarter valued at approximately $339,000. LPL Financial LLC lifted its stake in Stewart Information Services by 5.1% during the 3rd quarter. LPL Financial LLC now owns 10,854 shares of the insurance provider’s stock valued at $687,000 after acquiring an additional 526 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Stewart Information Services by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 21,884 shares of the insurance provider’s stock valued at $1,745,000 after acquiring an additional 153 shares during the period. Institutional investors own 90.39% of the company’s stock.

STC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Stewart Information Services in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Stewart Information Services from a “hold” rating to a “strong-buy” rating and set a $76.00 price target on the stock in a report on Tuesday, March 8th. Finally, BTIG Research lowered their price target on shares of Stewart Information Services from $99.00 to $89.00 in a report on Tuesday, April 12th.

Stewart Information Services Company Profile (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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Earnings History for Stewart Information Services (NYSE:STC)

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