Stewart Information Services (NYSE:STC) Sets New 12-Month High at $76.00

Stewart Information Services Co. (NYSE:STC)’s stock price hit a new 52-week high on Monday . The company traded as high as $76.00 and last traded at $76.00, with a volume of 1002 shares changing hands. The stock had previously closed at $73.01.

Analyst Ratings Changes

STC has been the topic of several research reports. Stephens reiterated an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research report on Thursday, July 25th. StockNews.com cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $61.00 to $71.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, BTIG Research increased their price objective on Stewart Information Services from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 22nd.

Stewart Information Services Stock Up 0.5 %

The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.02 billion, a P/E ratio of 48.03 and a beta of 1.21. The firm’s 50 day moving average price is $67.28 and its 200-day moving average price is $64.03.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). The business had revenue of $602.20 million during the quarter, compared to the consensus estimate of $597.00 million. Stewart Information Services had a net margin of 1.85% and a return on equity of 5.16%. Stewart Information Services’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities research analysts expect that Stewart Information Services Co. will post 3.39 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.475 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.90 dividend on an annualized basis and a yield of 2.59%. Stewart Information Services’s dividend payout ratio is presently 125.00%.

Insiders Place Their Bets

In other news, CFO David C. Hisey sold 12,649 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $69.27, for a total value of $876,196.23. Following the completion of the sale, the chief financial officer now directly owns 55,917 shares of the company’s stock, valued at approximately $3,873,370.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Stewart Information Services

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Stewart Information Services by 57.7% during the 2nd quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 262 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Stewart Information Services during the 2nd quarter worth approximately $65,000. nVerses Capital LLC bought a new stake in shares of Stewart Information Services during the 2nd quarter worth approximately $74,000. SG Americas Securities LLC acquired a new stake in shares of Stewart Information Services in the 1st quarter valued at approximately $111,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Stewart Information Services in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Company Profile

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.