Insider Buying: Stewart Information Services Co. (NYSE:STC) Insider Acquires 3,000 Shares of Stock

Stewart Information Services Co. (NYSE:STCGet Rating) insider Steven Mark Lessack purchased 3,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were bought at an average price of $55.20 per share, with a total value of $165,600.00. Following the purchase, the insider now directly owns 9,291 shares of the company’s stock, valued at $512,863.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of STC stock opened at $56.17 on Friday. The business’s fifty day moving average price is $58.89 and its 200 day moving average price is $68.41. Stewart Information Services Co. has a 1-year low of $49.18 and a 1-year high of $81.00. The firm has a market capitalization of $1.52 billion, a PE ratio of 4.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.29 and a quick ratio of 2.18.

Stewart Information Services (NYSE:STCGet Rating) last posted its earnings results on Wednesday, April 27th. The insurance provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.73. Stewart Information Services had a return on equity of 24.84% and a net margin of 9.42%. During the same period last year, the business earned $1.92 EPS. Equities research analysts expect that Stewart Information Services Co. will post 8.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Monday, March 14th. Stewart Information Services’s payout ratio is currently 12.51%.

Several equities research analysts have recently commented on STC shares. BTIG Research cut their price target on Stewart Information Services from $89.00 to $80.00 in a research note on Friday, April 29th. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research lowered Stewart Information Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 4th.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Stewart Information Services by 1.7% in the first quarter. BlackRock Inc. now owns 3,941,377 shares of the insurance provider’s stock worth $238,885,000 after acquiring an additional 64,081 shares during the last quarter. Vanguard Group Inc. raised its stake in Stewart Information Services by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,940,531 shares of the insurance provider’s stock valued at $117,615,000 after purchasing an additional 22,152 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Stewart Information Services in the 4th quarter valued at about $129,028,000. Dimensional Fund Advisors LP boosted its stake in shares of Stewart Information Services by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,316,982 shares of the insurance provider’s stock worth $79,826,000 after purchasing an additional 15,150 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Stewart Information Services by 3.2% during the third quarter. Lord Abbett & CO. LLC now owns 998,719 shares of the insurance provider’s stock worth $63,179,000 after buying an additional 30,504 shares in the last quarter. 92.23% of the stock is owned by institutional investors.

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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