Stewart Information Services Co. (NYSE:STC) Director Buys $59,630.00 in Stock

Stewart Information Services Co. (NYSE:STC - Get Free Report) Director C Allen Bradley, Jr. bought 1,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were bought 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 directly owns 20,243 shares in the company, valued at $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Stewart Information Services Stock Performance

Shares of STC traded up $0.21 during mid-day trading on Friday, hitting $60.39. 296,418 shares of the company's stock were exchanged, compared to its average volume of 170,651. 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 Co. has a fifty-two week low of $58.61 and a fifty-two week high of $78.44. The business's 50 day moving average is $65.51 and its two-hundred day moving average is $68.02. The firm has a market capitalization of $1.69 billion, a P/E ratio of 23.23 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $608.90 million during 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 company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. On average, equities analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's payout ratio is 76.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Stewart Information Services in the 4th quarter valued at approximately $385,000. Deutsche Bank AG boosted its stake in shares of Stewart Information Services by 55.4% in the fourth quarter. Deutsche Bank AG now owns 23,233 shares of the insurance provider's stock valued at $1,568,000 after buying an additional 8,284 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Stewart Information Services by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock worth $9,070,000 after acquiring an additional 3,938 shares during the period. Proficio Capital Partners LLC acquired a new position in Stewart Information Services during the fourth quarter worth $749,000. Finally, Bank of America Corp DE raised its position in Stewart Information Services by 4.1% in the fourth quarter. Bank of America Corp DE now owns 316,444 shares of the insurance provider's stock worth $21,357,000 after acquiring an additional 12,455 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STC. Wall Street Zen downgraded 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 issued a $82.00 price target on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th.

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.