Shares of Stewart Information Services Corporation (NYSE:STC – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $83.00.
STC has been the subject of a number of research analyst reports. Zacks Research raised Stewart Information Services to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a report on Friday, March 27th. Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Stephens reissued an “overweight” rating and issued a $88.00 price objective on shares of Stewart Information Services in a report on Monday, May 18th.
View Our Latest Analysis on STC
Stewart Information Services Stock Performance
Stewart Information Services (NYSE:STC – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.26. The business had revenue of $778.40 million during the quarter, compared to the consensus estimate of $730.43 million. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Stewart Information Services will post 5.8 EPS for the current fiscal year.
Stewart Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 15th. Stewart Information Services’s dividend payout ratio is presently 46.88%.
Insider Activity at Stewart Information Services
In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the completion of the purchase, the director directly owned 25,034 shares of the company’s stock, valued at $1,598,921.58. This trade represents a 4.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David C. Hisey sold 10,992 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $71.28, for a total value of $783,509.76. Following the sale, the chief financial officer owned 61,929 shares of the company’s stock, valued at $4,414,299.12. This trade represents a 15.07% decrease in their position. The SEC filing for this sale provides additional information. 2.94% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Stewart Information Services
Large investors have recently modified their holdings of the stock. ProShare Advisors LLC boosted its stake in shares of Stewart Information Services by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 5,407 shares of the insurance provider’s stock valued at $380,000 after acquiring an additional 164 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Stewart Information Services by 8.5% during the third quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the insurance provider’s stock valued at $196,000 after acquiring an additional 209 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Stewart Information Services by 1.5% during the third quarter. Illinois Municipal Retirement Fund now owns 14,647 shares of the insurance provider’s stock valued at $1,074,000 after acquiring an additional 216 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Stewart Information Services by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 15,479 shares of the insurance provider’s stock valued at $1,087,000 after acquiring an additional 234 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Stewart Information Services by 0.9% during the third quarter. Alliancebernstein L.P. now owns 28,704 shares of the insurance provider’s stock valued at $2,105,000 after acquiring an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.
About Stewart Information Services
Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.
In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.
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