Stewart Information Services (NYSE:STC) Sets New 12-Month High at $69.06

Stewart Information Services Co. (NYSE:STC)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $69.06 and last traded at $68.78, with a volume of 1273 shares changing hands. The stock had previously closed at $67.98.

STC has been the subject of several recent analyst reports. TD Securities initiated coverage on shares of Stewart Information Services in a report on Tuesday, August 10th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 5th.

The company has a market capitalization of $1.85 billion, a P/E ratio of 6.84 and a beta of 1.07. The stock has a fifty day simple moving average of $61.96 and a 200-day simple moving average of $59.21. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.11.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Tuesday, July 20th. The insurance provider reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $1.31. Stewart Information Services had a return on equity of 24.12% and a net margin of 9.32%. The business had revenue of $818.81 million during the quarter. Analysts predict that Stewart Information Services Co. will post 9.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Wednesday, September 15th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.92%. Stewart Information Services’s dividend payout ratio is 20.79%.

Large investors have recently made changes to their positions in the business. Bbva USA acquired a new position in shares of Stewart Information Services during the 2nd quarter worth about $57,000. Heritage Wealth Management LLC acquired a new position in shares of Stewart Information Services in the 2nd quarter valued at approximately $80,000. Captrust Financial Advisors grew its position in shares of Stewart Information Services by 2,046.7% in the 1st quarter. Captrust Financial Advisors now owns 1,975 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 1,883 shares during the period. Federated Hermes Inc. grew its position in shares of Stewart Information Services by 57.3% in the 1st quarter. Federated Hermes Inc. now owns 2,207 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 804 shares during the period. Finally, Liberty Wealth Management LLC grew its position in shares of Stewart Information Services by 5,503.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 6,780 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 6,659 shares during the period. 92.24% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Company Profile (NYSE:STC)

Stewart Information Services Corp. is a real estate services company, which engages in the provision of title insurance and settlement-related services. It operates through the Title Insurance and Related Services, and Ancillary Services and Corporate segments. The Title Insurance and Related Services segment comprises of searching, examining, closing, and insuring the condition of the title to real property.

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