Stewart Information Services (NYSE:STC – Get Rating) released its quarterly earnings data on Wednesday. The insurance provider reported earnings per share (EPS) of $2.03 for the quarter, beating Thomson Reuters consensus estimate of $1.30 by $0.73, Fidelity Earnings reports. Stewart Information Services achieved a net margin of 9.78% and a return on equity of 25.96%. In the same quarter a year earlier, the company had achieved EPS of $1.92.
Shares of NYSE:STC were up $0.18 in Friday’s midday session, hitting $51.60. The company had a trading volume of 335,892 shares, compared to an average volume of 178,805. Stewart Information Services has a 12-month low of $49.18 and a 12-month high of $81.00. The stock has a market capitalization of $1.39 billion, a price-earnings ratio of 4.32 and a beta of 1.10. The company has a debt ratio of 0.37, a current ratio of 2.18 and a quick ratio of 2.18. The company’s 50-day simple moving average is $61.11 and its 200-day simple moving average is $69.23.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 received a dividend of $0.375 per share. This represents an annualized dividend of $1.50 and a dividend yield of 2.91%. The ex-dividend date was Monday, March 14. Stewart Information Services’ dividend payout ratio is currently 12.62%.
Several equity research analysts have recently released reports on STC shares. BTIG Research cut its price target on Stewart Information Services from $89.00 to $80.00 in a research note on Friday. StockNews.com began covering Stewart Information Services in a research report on Thursday, March 31. They set a “buy” rating for the company. 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 on the stock in a Tuesday, March 8 report.
Separately, director C Allen Bradley, Jr. purchased 1,000 shares of the company in a trade on Wednesday, March 16. The shares were acquired at an average cost of $66.54 per share, with a total value of $66,540.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 1.35% of the shares are held by insiders.
A number of large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH increased its stake in shares of Stewart Information Services by 142.6% during the 4th quarter. Allianz Asset Management GmbH now owns 124,218 shares of the insurance provider worth $9,903,000 after purchasing an additional 73,013 shares in the last quarter. Morgan Stanley increased its stake in Stewart Information Services by 29.4% during the second quarter. Morgan Stanley now owns 153,255 shares of the insurance provider worth $8,689,000 after acquiring 34,853 additional shares in the last quarter. Deutsche Bank AG increased its position in Stewart Information Services by 462.8% in the fourth quarter. Deutsche Bank AG now owns 88,583 shares of the insurance provider valued at $7,063,000 after purchasing an additional 72,843 shares during the period. Legal & General Group Plc increased its stake in shares of Stewart Information Services by 3.5% in the fourth quarter. Legal & General Group Plc now owns 65,309 shares of the insurance provider valued at $5,207,000 after buying an additional 2,214 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings of Stewart Information Services shares by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 37,246 shares of the insurance provider worth $2,970,000 after purchasing 963 additional shares during the period. Institutional investors hold 90.39% of the company’s shares.
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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