Stewart Information Services Corporation (NYSE:STC) declared a quarterly dividend on Friday, December 1st, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.30 per share by the insurance provider on Friday, December 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.99%.

Stewart Information Services has raised its dividend payment by an average of 128.9% per year over the last three years. Stewart Information Services has a dividend payout ratio of 48.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Stewart Information Services to earn $3.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.3%.

Stewart Information Services (NYSE:STC) traded down $0.24 during trading on Friday, hitting $40.09. 142,341 shares of the stock traded hands, compared to its average volume of 121,966. The firm has a market cap of $952.22, a price-to-earnings ratio of 19.16 and a beta of 0.88. Stewart Information Services has a one year low of $34.48 and a one year high of $48.03. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.21.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.25). The firm had revenue of $498.05 million for the quarter, compared to analyst estimates of $470.30 million. Stewart Information Services had a return on equity of 7.37% and a net margin of 2.57%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 earnings per share. sell-side analysts anticipate that Stewart Information Services will post 2.46 earnings per share for the current fiscal year.

Several research firms have recently weighed in on STC. BidaskClub lowered shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods upgraded shares of Stewart Information Services from an “underperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th.

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Stewart Information Services Company Profile

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

Dividend History for Stewart Information Services (NYSE:STC)

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