Stewart Information Services (STC) Scheduled to Post Earnings on Wednesday

Stewart Information Services (NYSE:STC) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Parties that wish to register for the company’s conference call can do so using this link.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.14. Stewart Information Services had a return on equity of 3.85% and a net margin of 1.35%. The business had revenue of $582.17 million during the quarter, compared to analyst estimates of $566.46 million. During the same period in the prior year, the company earned $0.60 earnings per share. Stewart Information Services’s revenue was down 11.2% compared to the same quarter last year. On average, analysts expect Stewart Information Services to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stewart Information Services Price Performance

Shares of NYSE STC opened at $58.82 on Wednesday. Stewart Information Services has a 1-year low of $36.81 and a 1-year high of $65.35. The stock has a fifty day simple moving average of $61.78 and a two-hundred day simple moving average of $54.89. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 52.99 and a beta of 1.16.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services’s payout ratio is currently 171.17%.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of Stewart Information Services stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total transaction of $757,320.00. Following the sale, the director now directly owns 76,867 shares of the company’s stock, valued at approximately $4,851,076.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

Institutional Trading of Stewart Information Services

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates raised its holdings in Stewart Information Services by 5.7% in the 1st quarter. Raymond James & Associates now owns 13,226 shares of the insurance provider’s stock worth $802,000 after acquiring an additional 717 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Stewart Information Services by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 14,416 shares of the insurance provider’s stock worth $874,000 after acquiring an additional 5,120 shares during the last quarter. Rhumbline Advisers raised its holdings in Stewart Information Services by 2.0% in the 1st quarter. Rhumbline Advisers now owns 76,531 shares of the insurance provider’s stock worth $4,639,000 after acquiring an additional 1,472 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Stewart Information Services by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,183 shares of the insurance provider’s stock worth $1,405,000 after acquiring an additional 2,859 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Stewart Information Services by 1.7% in the 1st quarter. BlackRock Inc. now owns 3,941,377 shares of the insurance provider’s stock worth $238,885,000 after acquiring an additional 64,081 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stephens lifted their price objective on Stewart Information Services from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods raised their target price on Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.33.

Stewart Information Services Company Profile

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.