Frederick H. Eppinger, CEO of Stewart Information Services Co. (NYSE: STC – Get Rating), purchased 3,000 shares of Stewart Information Services in a trade dated Friday, April 29. The shares were acquired at an average cost of $52.00 per share, with a total value of $156,000.00. As a result of the transaction, the CEO now owns 93,262 shares of the company, valued at approximately $4,849,624. The transaction was disclosed in a legal filing with the SEC, accessible via this link.
Shares of STC were down $0.11 during Monday trading hours, hitting $51.49. 10,935 shares of the company were traded, compared to its average volume of 178,804. The company’s 50-day simple moving average is $60.83. The company has a market capitalization of $1.39 billion, a PE ratio of 4.24 and a beta of 1.10. Stewart Information Services Co. has a 12-month low of $49.18 and a 12-month high of $81.00. The company has a debt ratio of 0.37, a quick ratio of 2.18 and a current ratio of 2.18.
Stewart Information Services (NYSE: STC – Get Rating) last reported quarterly results on Wednesday, April 27. The insurance provider reported EPS of $2.03 for the quarter, beating the Zacks consensus estimate of $1.30 by $0.73. Stewart Information Services achieved a return on equity of 25.40% and a net margin of 9.42%. During the same period a year earlier, the company posted EPS of $1.92. Analysts expect Stewart Information Services Co. to post earnings per share of 8.89 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Tuesday, March 15 received a dividend of $0.375 per share. This represents a dividend of $1.50 on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, March 14. Stewart Information Services’ dividend payout ratio (DPR) is currently 12.51%.
A number of institutional investors and hedge funds have recently changed their holdings in STC. Maryland State Retirement & Pension System increased its stake in shares of Stewart Information Services by 1.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 10,720 shares of the insurance provider valued at $855,000 after buying 142 additional shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Stewart Information Services by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,884 shares of the insurance provider worth $1,745,000 after buying 153 more shares last quarter. PNC Financial Services Group Inc. increased its position in Stewart Information Services by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,219 shares of the insurance provider worth $582,000 after acquiring 168 additional shares during the period. Mutual of America Capital Management LLC increased its position in Stewart Information Services by 5.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 3,874 shares of the insurance provider worth $235,000 after acquiring 200 additional shares during the period. Finally, Comerica Bank increased its stake in shares of Stewart Information Services by 1.0% in the 1st quarter. Comerica Bank now owns 23,601 shares of the insurance provider valued at $1,278,000 after buying 223 additional shares during the period. Institutional investors and hedge funds own 92.23% of the company’s shares.
Several research companies have recently published reports on STC. StockNews.com picked up coverage from Stewart Information Services in a Thursday, March 31 research note. They issued a “buy” rating for the company. BTIG Research cut its target price on Stewart Information Services from $89.00 to $80.00 in a report released on Friday. Finally, Zacks Investment Research upgraded Stewart Information Services from a “hold” rating to a “strong-buy” rating and set a price target of $76.00 for the company in a Tuesday, March 8 research report. .
About Stewart Information Services (Get a rating)
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The Company operates in two segments, Title, Ancillary Services and Enterprises. The Title segment is involved in the search, examination, closing and status assurance of real estate title.
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