Stewart Information Services (STC) to Release Earnings on Wednesday

Stewart Information Services (NYSE:STC) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Investors that wish to register for the company’s conference call can do so using this link.

Stewart Information Services (NYSE:STC) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.46 by $0.14. Stewart Information Services had a net margin of 1.35% and a return on equity of 3.85%. The firm had revenue of $582.17 million for the quarter, compared to analyst estimates of $566.46 million. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, analysts expect Stewart Information Services to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stewart Information Services Stock Performance

NYSE STC opened at $58.82 on Wednesday. The firm’s 50 day simple moving average is $61.78 and its 200 day simple moving average is $54.89. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 52.99 and a beta of 1.16. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.32. Stewart Information Services has a 1 year low of $36.81 and a 1 year high of $65.35.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services’s dividend payout ratio is presently 171.17%.

Analyst Upgrades and Downgrades

STC has been the topic of several research analyst reports. Stephens raised their price objective on Stewart Information Services from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.33.

Insider Buying and Selling at Stewart Information Services

In related news, Director Matthew Morris sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total value of $757,320.00. Following the sale, the director now directly owns 76,867 shares in the company, valued at $4,851,076.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC raised its position in shares of Stewart Information Services by 74.9% in the 1st quarter. Advisory Services Network LLC now owns 698 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 299 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Stewart Information Services in the 2nd quarter worth about $115,000. Federated Hermes Inc. raised its position in shares of Stewart Information Services by 60.3% in the 1st quarter. Federated Hermes Inc. now owns 2,255 shares of the insurance provider’s stock worth $137,000 after acquiring an additional 848 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Stewart Information Services in the 2nd quarter worth about $179,000. Finally, Captrust Financial Advisors grew its stake in shares of Stewart Information Services by 92.8% in the 1st quarter. Captrust Financial Advisors now owns 2,960 shares of the insurance provider’s stock valued at $179,000 after buying an additional 1,425 shares during the period. 96.90% of the stock is owned by institutional investors.

About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.