Key Points
- CFO David Hisey sold 10,992 shares on April 24 at an average price of $71.28 for a total of $783,509.76, reducing his stake by 15.07% to 61,929 shares valued at about $4.41 million.
- Stewart beat quarterly expectations with $0.78 EPS vs. $0.52 expected and revenue of $778.4 million (vs. $730.4 million est.), with revenue up 27.7% year-over-year.
- Wall Street sentiment is bullish: multiple firms have upgraded the stock and the MarketBeat consensus is a "Buy" with an average target price of $81.00.
Stewart Information Services Corporation (NYSE:STC - Get Free Report) CFO David Hisey sold 10,992 shares of Stewart Information Services 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 in the company, valued at $4,414,299.12. This represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Stewart Information Services Stock Performance
Stewart Information Services stock opened at $72.07 on Tuesday. Stewart Information Services Corporation has a 52 week low of $56.39 and a 52 week high of $78.61. The company has a current ratio of 2.12, a quick ratio of 2.21 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.19 billion, a P/E ratio of 16.09 and a beta of 1.03. The stock has a 50 day moving average of $65.09 and a 200-day moving average of $68.88.
Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.26. The company had revenue of $778.40 million during the quarter, compared to analyst estimates of $730.43 million. Stewart Information Services had a net margin of 4.19% and a return on equity of 10.07%. The firm's revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS.
Stewart Information Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, March 16th. Stewart Information Services's dividend payout ratio (DPR) is presently 46.88%.
Hedge Funds Weigh In On Stewart Information Services
Large investors have recently bought and sold shares of the stock. Cooke & Bieler LP boosted its holdings in shares of Stewart Information Services by 23.2% in the third quarter. Cooke & Bieler LP now owns 551,519 shares of the insurance provider's stock valued at $40,437,000 after acquiring an additional 103,777 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Stewart Information Services in the 3rd quarter valued at $1,389,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in Stewart Information Services in the 4th quarter worth about $6,227,000. Intech Investment Management LLC increased its stake in Stewart Information Services by 111.0% in the 3rd quarter. Intech Investment Management LLC now owns 57,198 shares of the insurance provider's stock worth $4,194,000 after purchasing an additional 30,093 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in Stewart Information Services during the 3rd quarter worth about $7,463,000. Institutional investors and hedge funds own 96.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Saturday. Citizens Jmp initiated coverage on shares of Stewart Information Services in a research report on Monday, February 2nd. They issued a "market outperform" rating and a $80.00 target price for the company. Weiss Ratings restated a "buy (b)" rating on shares of Stewart Information Services in a research note on Friday, March 27th. Stephens upgraded Stewart Information Services from an "equal weight" rating to an "overweight" rating and set a $82.00 price objective for the company in a research report on Friday, February 27th. Finally, Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $81.00.
Check Out Our Latest Report on Stewart Information Services
Stewart Information Services Company Profile
(
Get Free Report)
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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