Stewart Information Services Corporation (NYSE:STC) Insider Sells $371,932.08 in Stock

Key Points

• Insider Brad Rable sold 5,694 shares of Stewart Information Services at an average price of $65.32, amounting to over $371,000, reducing his ownership by 19.26%.
• Stewart Information Services reported a quarterly EPS of $1.34, exceeding analysts' estimates and showing a 19.9% year-over-year revenue increase to $721.50 million.
• The company announced a quarterly dividend of $0.50, translating to a 3.03% dividend yield and a payout ratio of 64.31%.

Stewart Information Services Corporation (NYSE:STC - Get Free Report) insider Brad Rable sold 5,694 shares of Stewart Information Services stock in a transaction on Monday, July 28th. The stock was sold at an average price of $65.32, for a total transaction of $371,932.08. Following the completion of the transaction, the insider directly owned 23,872 shares in the company, valued at $1,559,319.04. This represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Stewart Information Services Stock Performance

NYSE STC traded up $0.44 on Friday, reaching $65.37. 58,337 shares of the company's stock traded hands, compared to its average volume of 189,211. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 21.02 and a beta of 0.99. The stock has a 50 day moving average price of $62.43 and a 200-day moving average price of $65.50. Stewart Information Services Corporation has a fifty-two week low of $56.39 and a fifty-two week high of $78.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.77 and a current ratio of 1.91.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.04. The company had revenue of $721.50 million during the quarter, compared to the consensus estimate of $671.90 million. Stewart Information Services had a net margin of 3.29% and a return on equity of 7.71%. The firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities research analysts predict that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Stewart Information Services's payout ratio is currently 64.31%.

Analysts Set New Price Targets

STC has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $72.00 to $73.00 and gave the company a "market perform" rating in a report on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Stewart Information Services by 2.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,715,422 shares of the insurance provider's stock worth $113,286,000 after acquiring an additional 33,413 shares during the period. Millennium Management LLC raised its position in shares of Stewart Information Services by 5.0% in the first quarter. Millennium Management LLC now owns 996,558 shares of the insurance provider's stock worth $71,104,000 after acquiring an additional 47,384 shares during the period. Victory Capital Management Inc. raised its position in shares of Stewart Information Services by 18.6% in the first quarter. Victory Capital Management Inc. now owns 990,168 shares of the insurance provider's stock worth $70,648,000 after acquiring an additional 155,210 shares during the period. DAVENPORT & Co LLC raised its position in shares of Stewart Information Services by 1.2% in the second quarter. DAVENPORT & Co LLC now owns 517,454 shares of the insurance provider's stock worth $33,764,000 after acquiring an additional 5,921 shares during the period. Finally, Cooke & Bieler LP raised its position in shares of Stewart Information Services by 5.8% in the first quarter. Cooke & Bieler LP now owns 449,672 shares of the insurance provider's stock worth $32,084,000 after acquiring an additional 24,840 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.