Insider buying: Stewart Information Services Co. (NYSE: STC) CEO buys 1,500 shares

Frederick H. Eppinger, CEO of Stewart Information Services Co. (NYSE:STC – Get Rating), acquired 1,500 shares of Stewart Information Services in a transaction on Wednesday, June 15. The shares were purchased at an average cost of $48.91 per share, for a total transaction of $73,365.00. Following completion of the transaction, the CEO now owns 94,762 shares of the company, valued at approximately $4,634,809.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website.

Shares of STC traded down $2.73 during Thursday’s midday session, hitting $45.91. 259,735 shares of the company were traded, against an average volume of 177,938. Stewart Information Services Co. has a 12-month low of $45.63 and a 12-month high of $81.00. The company has a market capitalization of $1.24 billion, a P/E ratio of 4.06 and a beta of 1.13. The company has a quick ratio of 2.28, a current ratio of 2.28 and a leverage ratio of 0.34. The company’s 50-day moving average price is $54.28 and its 200-day moving average price is $65.07.

Stewart Information Services (NYSE:STC – Get Rating) last announced its results on Wednesday, April 27. The insurance provider reported EPS of $2.03 for the quarter. Stewart Information Services achieved a net margin of 9.42% and a return on equity of 24.84%. The company had revenue of $852.92 million for the quarter. During the same quarter last year, the company posted EPS of $1.92. Stock analysts predict that Stewart Information Services Co. will post earnings per share of 8.05 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.375 per share. This represents a dividend of $1.50 on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Tuesday, June 14. Stewart Information Services’ dividend payout ratio (DPR) is currently 12.51%.

A number of research analysts have published reports on STC shares. StockNews.com upgraded the shares of Stewart Information Services from a “hold” rating to a “buy” rating in a Tuesday, May 10 research report. BTIG Research cut its price target on shares of Stewart Information Services from $89.00 to $80.00 in a Friday, April 29 research report.

Several hedge funds have recently changed their positions in STC. Morgan Stanley increased its stake in Stewart Information Services by 29.4% in the second quarter. Morgan Stanley now owns 153,255 shares of the insurance provider valued at $8,689,000 after acquiring an additional 34,853 shares during the period. Franklin Resources Inc. bought a new position in Stewart Information Services during Q3, valued at approximately $821,000. Voya Investment Management LLC increased its stake in Stewart Information Services by 1.6% in the third quarter. Voya Investment Management LLC now owns 25,698 shares of the insurance provider valued at $1,626,000 after acquiring 403 additional shares during the period. Invesco Ltd. increased its stake in Stewart Information Services by 52.7% during the third quarter. Invesco Ltd. now owns 354,011 shares of the insurance provider valued at $22,394,000 after acquiring an additional 122,209 shares during the period. Finally, Balyasny Asset Management LLC purchased a new position in Stewart Information Services during Q3 valued at approximately $1,837,000. Hedge funds and other institutional investors hold 92.23% of the company’s shares.

About Stewart Information Services (Get an evaluation)

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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