Key Points
- Insider sale: Stewart Information Services insider Brian Glaze sold 1,500 shares for $103,740, reducing his ownership by 11.29% to 11,784 shares.
- Quarterly performance: The company reported $1.39 in quarterly EPS, missing estimates of $1.63, while revenue rose 24.5% year over year to $895.8 million, beating expectations.
- Investor outlook: Analysts’ consensus rating is “Moderate Buy” with an $81.50 price target, while the company pays a $2.10 annualized dividend yielding about 3.0%; institutional investors own 96.9% of shares.
Stewart Information Services Corporation (NYSE:STC - Get Free Report) insider Brian Glaze sold 1,500 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $69.16, for a total transaction of $103,740.00. Following the completion of the transaction, the insider directly owned 11,784 shares of the company's stock, valued at approximately $814,981.44. The trade was a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Stewart Information Services Price Performance
STC stock opened at $70.04 on Tuesday. The stock has a 50-day moving average price of $67.97 and a two-hundred day moving average price of $66.88. Stewart Information Services Corporation has a 1 year low of $57.10 and a 1 year high of $78.61. The stock has a market cap of $2.14 billion, a PE ratio of 15.36 and a beta of 0.98. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.39.
Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.24). The firm had revenue of $895.80 million during the quarter, compared to the consensus estimate of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The business's revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. Equities analysts forecast that Stewart Information Services Corporation will post 5.26 EPS for the current fiscal year.
Stewart Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 3.0%. Stewart Information Services's payout ratio is presently 46.05%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on STC. Stephens reaffirmed an "overweight" rating and set a $88.00 price target on shares of Stewart Information Services in a research note on Monday, May 18th. Keefe, Bruyette & Woods lowered shares of Stewart Information Services from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $77.00 to $71.00 in a research report on Monday, July 27th. Benchmark initiated coverage on shares of Stewart Information Services in a report on Tuesday, July 21st. They set a "buy" rating and a $87.00 target price for the company. Wall Street Zen downgraded shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of Stewart Information Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stewart Information Services has an average rating of "Moderate Buy" and a consensus target price of $81.50.
Get Our Latest Stock Analysis on Stewart Information Services
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of STC. Royal Bank of Canada raised its stake in shares of Stewart Information Services by 2.4% during the 1st quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider's stock worth $9,158,000 after purchasing an additional 3,022 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Stewart Information Services by 6.0% in the first quarter. AQR Capital Management LLC now owns 8,583 shares of the insurance provider's stock valued at $612,000 after buying an additional 483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Stewart Information Services by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider's stock worth $1,149,000 after buying an additional 712 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Stewart Information Services by 44,842.9% during the first quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider's stock worth $224,000 after buying an additional 3,139 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Stewart Information Services by 10.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,522 shares of the insurance provider's stock worth $6,102,000 after acquiring an additional 7,923 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.
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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