Stewart Information Services (NYSE:STC - Free Report) had its price objective hoisted by Keefe, Bruyette & Woods from $74.00 to $75.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider's stock.
A number of other equities research analysts have also issued reports on the stock. Stephens reissued an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Friday, January 31st.
Get Our Latest Stock Analysis on Stewart Information Services
Stewart Information Services Price Performance
Shares of Stewart Information Services stock traded up $0.96 during trading hours on Friday, reaching $67.67. 57,789 shares of the company's stock were exchanged, compared to its average volume of 194,283. Stewart Information Services has a 1 year low of $58.23 and a 1 year high of $78.44. The company has a market capitalization of $1.88 billion, a P/E ratio of 26.02 and a beta of 1.23. The business has a fifty day moving average of $67.77 and a two-hundred day moving average of $70.31. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32.
Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. As a group, research analysts predict that Stewart Information Services will post 6.29 earnings per share for the current fiscal year.
Stewart Information Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.96%. Stewart Information Services's dividend payout ratio is presently 76.92%.
Insider Transactions at Stewart Information Services
In other news, Director Matthew Morris sold 12,899 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total transaction of $956,073.88. Following the sale, the director now owns 65,330 shares of the company's stock, valued at approximately $4,842,259.60. This represents a 16.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.
Institutional Trading of Stewart Information Services
Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in Stewart Information Services by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Stewart Information Services in the third quarter valued at approximately $61,000. KBC Group NV raised its holdings in Stewart Information Services by 58.7% in the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after acquiring an additional 572 shares in the last quarter. Blue Trust Inc. raised its holdings in Stewart Information Services by 210.9% in the third quarter. Blue Trust Inc. now owns 2,226 shares of the insurance provider's stock valued at $166,000 after acquiring an additional 1,510 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Stewart Information Services in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 96.90% of the company's stock.
About Stewart Information Services
(
Get Free Report)
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.
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