Stewart Information Services Co. (NYSE:STC) Director Purchases $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 firm's stock in a transaction on Wednesday, May 28th. The stock was purchased at an average cost of $59.63 per share, with a total value of $59,630.00. Following the completion of the transaction, the director now directly owns 20,243 shares of the company's stock, valued at approximately $1,207,090.09. The trade was a 5.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Stewart Information Services Price Performance

STC stock traded up $0.71 during mid-day trading on Tuesday, hitting $60.53. 226,746 shares of the stock were exchanged, compared to its average volume of 170,987. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The business has a fifty day moving average price of $65.03 and a 200 day moving average price of $67.84. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.28 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The company had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period last year, the firm posted $0.17 EPS. The company's revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.30%. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Stewart Information Services by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Stewart Information Services by 807.4% in the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after purchasing an additional 759 shares in the last quarter. State of Wyoming boosted its stake in Stewart Information Services by 84.0% during the 4th quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock valued at $99,000 after purchasing an additional 667 shares during the last quarter. KBC Group NV boosted its stake in Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after purchasing an additional 572 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price 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. Wall Street Zen cut Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Stephens reiterated an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th.

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.