StockNews.com lowered shares of Stewart Information Services (NYSE:STC - Free Report) from a buy rating to a hold rating in a research note published on Tuesday.
A number of other research firms have also recently commented on STC. Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday, February 7th. Stephens reiterated an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th.
Check Out Our Latest Analysis on STC
Stewart Information Services Trading Up 0.0 %
NYSE STC traded up $0.00 on Tuesday, reaching $68.47. 114,956 shares of the company were exchanged, compared to its average volume of 195,539. The business's fifty day moving average price is $67.19 and its 200 day moving average price is $70.22. The stock has a market capitalization of $1.90 billion, a P/E ratio of 26.34 and a beta of 1.23. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services has a fifty-two week low of $58.23 and a fifty-two week high of $78.44.
Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. Analysts forecast that Stewart Information Services will post 6.29 earnings per share for the current year.
Stewart Information Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.92%. Stewart Information Services's dividend payout ratio is currently 76.92%.
Insider Transactions at Stewart Information Services
In other news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the sale, the director now directly owns 65,330 shares of the company's stock, valued at approximately $4,842,259.60. The trade was a 16.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.
Institutional Trading of Stewart Information Services
Several hedge funds have recently made changes to their positions in STC. Truist Financial Corp lifted its position in shares of Stewart Information Services by 7.4% during the second quarter. Truist Financial Corp now owns 4,645 shares of the insurance provider's stock worth $288,000 after purchasing an additional 319 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Stewart Information Services in the third quarter worth $330,000. Trust Point Inc. grew its stake in shares of Stewart Information Services by 5.0% in the third quarter. Trust Point Inc. now owns 13,918 shares of the insurance provider's stock worth $1,040,000 after acquiring an additional 659 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Stewart Information Services by 210.9% in the third quarter. Blue Trust Inc. now owns 2,226 shares of the insurance provider's stock worth $166,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Stewart Information Services by 0.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,641,717 shares of the insurance provider's stock worth $122,702,000 after acquiring an additional 10,811 shares in the last quarter. 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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