Stewart Information Services Co. Plans Quarterly Dividend of $0.50 (NYSE:STC)

Stewart Information Services Co. (NYSE:STC - Get Free Report) declared a quarterly dividend on Monday, June 2nd, RTT News reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.50 per share by the insurance provider on Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, June 16th.

Stewart Information Services has raised its dividend payment by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 4 years. Stewart Information Services has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings.

Stewart Information Services Stock Performance

Shares of STC stock traded up $0.28 during trading on Friday, hitting $61.13. The company's stock had a trading volume of 26,593 shares, compared to its average volume of 171,098. The business has a fifty day moving average of $64.59 and a 200-day moving average of $67.71. The company has a market cap of $1.71 billion, a PE ratio of 23.51 and a beta of 0.98. Stewart Information Services has a 52 week low of $58.61 and a 52 week high of $78.44. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The business had revenue of $608.90 million for the quarter, compared to analysts' expectations of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, research analysts anticipate that Stewart Information Services will post 6.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens restated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Friday, February 7th.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average cost of $59.63 per share, with a total value of $59,630.00. Following the completion of the purchase, the director now owns 20,243 shares of the company's stock, valued at approximately $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.78% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STC. Jones Financial Companies Lllp boosted its stake in shares of Stewart Information Services by 44,842.9% during the 1st quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider's stock valued at $224,000 after purchasing an additional 3,139 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Stewart Information Services by 6.0% in the 1st quarter. AQR Capital Management LLC now owns 8,583 shares of the insurance provider's stock worth $612,000 after acquiring an additional 483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Stewart Information Services by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider's stock valued at $1,149,000 after purchasing an additional 712 shares during the period. Jane Street Group LLC raised its holdings in Stewart Information Services by 607.8% in the first quarter. Jane Street Group LLC now owns 50,631 shares of the insurance provider's stock worth $3,613,000 after purchasing an additional 43,478 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $6,102,000 after buying an additional 7,923 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Company Profile

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.