Stewart Information Services Co. (NYSE:STC - Get Free Report) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.50 per share by the insurance provider on Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Monday, March 17th.
Stewart Information Services has raised its dividend payment by an average of 12.6% per year over the last three years. Stewart Information Services has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings.
Stewart Information Services Stock Performance
NYSE STC traded down $1.49 during trading hours on Thursday, hitting $69.24. 288,642 shares of the stock were exchanged, compared to its average volume of 200,622. Stewart Information Services has a 12-month low of $58.23 and a 12-month high of $78.44. The stock has a 50-day moving average of $66.52 and a 200 day moving average of $70.25. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 26.63 and a beta of 1.19. 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 posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. As a group, equities research analysts forecast that Stewart Information Services will post 6.29 earnings per share for the current year.
Wall Street Analysts Forecast Growth
STC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Thursday. Stephens restated an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday, February 7th.
Check Out Our Latest Research Report on Stewart Information Services
About Stewart Information Services
(
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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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