Stewart Information Services Co. (NYSE:STC – Get Free Report) has earned an average recommendation of “Hold” from the three ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $51.50.
Separately, StockNews.com started coverage on Stewart Information Services in a research report on Thursday, October 5th. They issued a “hold” rating for the company.
Institutional Investors Weigh In On Stewart Information Services
Stewart Information Services Stock Performance
NYSE:STC opened at $45.84 on Thursday. The stock has a market cap of $1.25 billion, a P/E ratio of 35.81 and a beta of 1.07. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $43.62 and its 200-day moving average is $41.94. Stewart Information Services has a 1-year low of $36.01 and a 1-year high of $51.72.
Stewart Information Services (NYSE:STC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.15. Stewart Information Services had a return on equity of 3.84% and a net margin of 1.50%. The firm had revenue of $601.71 million for the quarter, compared to analyst estimates of $573.37 million. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue was down 16.0% compared to the same quarter last year. Equities research analysts anticipate that Stewart Information Services will post 2.49 earnings per share for the current year.
Stewart Information Services Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a dividend yield of 4.14%. Stewart Information Services’s payout ratio is currently 148.44%.
Stewart Information Services Company Profile
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates through Title and Real Estate Solutions segments. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
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