Stewart Information Services (NYSE:STC - Get Free Report) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.01, Zacks reports. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%.
Stewart Information Services Stock Down 1.7 %
Shares of NYSE STC traded down $1.17 on Friday, reaching $67.10. 270,582 shares of the company's stock traded hands, compared to its average volume of 178,318. The business's 50 day simple moving average is $67.96 and its two-hundred day simple moving average is $70.35. Stewart Information Services has a 12 month low of $56.16 and a 12 month high of $78.44. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 25.81 and a beta of 1.23. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.98%. The ex-dividend date was Monday, December 16th. Stewart Information Services's payout ratio is currently 76.92%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on STC shares. StockNews.com cut shares of Stewart Information Services from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Stephens reiterated an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a report on Thursday. Finally, Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Friday.
Get Our Latest Stock Report on STC
Insider Transactions at Stewart Information Services
In related news, Director Matthew Morris sold 12,899 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the transaction, the director now owns 65,330 shares in the company, valued at $4,842,259.60. The trade was a 16.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% 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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