Brian Glaze Sells 1,500 Shares of Stewart Information Services (NYSE:STC) Stock

Key Points

• Insider sale: Brian Glaze sold 1,500 Stewart Information Services shares for $103,740, reducing his position by 11.29% to 11,784 shares.
• Stock and earnings: STC shares rose 1.2% to $70.04, while the company’s latest quarterly EPS of $1.39 missed estimates despite revenue growing 24.5% year over year to $895.8 million.
• Analyst outlook and dividend: Analysts maintain a “Moderate Buy” consensus with an average price target of $81.50. Stewart pays a $2.10 annualized dividend, yielding approximately 3.0%.

Stewart Information Services Corporation (NYSE:STC - Get Free Report) insider Brian Glaze sold 1,500 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $69.16, for a total transaction of $103,740.00. Following the completion of the sale, the insider owned 11,784 shares of the company's stock, valued at approximately $814,981.44. This trade represents a 11.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Stewart Information Services Stock Up 1.2%

NYSE:STC traded up $0.84 during trading hours on Monday, hitting $70.04. 199,126 shares of the stock traded hands, compared to its average volume of 229,414. The firm has a 50 day moving average price of $67.88 and a 200 day moving average price of $66.87. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 15.36 and a beta of 0.98. Stewart Information Services Corporation has a fifty-two week low of $57.10 and a fifty-two week high of $78.61. 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.24). The business had revenue of $895.80 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. Equities research analysts anticipate that Stewart Information Services Corporation will post 5.26 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. Stewart Information Services's dividend payout ratio is currently 46.05%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $88.00 price objective on shares of Stewart Information Services in a research report on Monday, May 18th. Keefe, Bruyette & Woods lowered 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 report on Monday, July 27th. Zacks Research downgraded shares of Stewart Information Services from a "hold" rating to a "strong sell" rating in a report on Monday, July 27th. Benchmark assumed coverage on shares of Stewart Information Services in a research note on Tuesday, July 21st. They set a "buy" rating and a $87.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in STC. Caitlin John LLC bought a new position in Stewart Information Services during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stewart Information Services in the fourth quarter worth approximately $43,000. Horizon Investments LLC purchased a new stake in shares of Stewart Information Services in the fourth quarter valued at about $65,000. Kemnay Advisory Services Inc. purchased a new stake in Stewart Information Services in the 4th quarter valued at about $66,000. Finally, Clearstead Advisors LLC lifted its holdings in Stewart Information Services by 50.9% during the fourth quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider's stock worth $69,000 after acquiring an additional 331 shares during the period. Institutional investors own 96.90% of the company's stock.

Stewart Information Services Company Profile

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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