Stewart Information Services Corporation (NYSE:STC) CFO David C. Hisey Sells 2,224 Shares

Key Points

• Stewart Information Services CFO David C. Hisey sold 2,224 shares of stock for a total of $143,203.36, reducing his ownership by 3.67%.
• The company reported a 19.9% increase in revenue year-over-year, with quarterly earnings of $1.34 per share, exceeding analyst expectations of $1.30.
• Stewart Information Services declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 3.03%.

Stewart Information Services Corporation (NYSE:STC - Get Free Report) CFO David C. Hisey sold 2,224 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $64.39, for a total value of $143,203.36. Following the completion of the sale, the chief financial officer directly owned 58,359 shares in the company, valued at approximately $3,757,736.01. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Stewart Information Services Trading Up 0.7%

Shares of NYSE STC traded up $0.44 during trading hours on Friday, hitting $65.37. 58,337 shares of the company traded hands, compared to its average volume of 189,211. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 21.02 and a beta of 0.99. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.31. The company's 50 day moving average price is $62.43 and its 200 day moving average price is $65.50. Stewart Information Services Corporation has a 12 month low of $56.39 and a 12 month high of $78.44.

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

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued 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 presently 64.31%.

Hedge Funds Weigh In On Stewart Information Services

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its holdings in Stewart Information Services by 807.4% during the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock valued at $58,000 after acquiring an additional 759 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Stewart Information Services by 2,735.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider's stock worth $98,000 after buying an additional 1,450 shares during the period. State of Wyoming lifted its holdings in shares of Stewart Information Services by 84.0% in the 4th quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock worth $99,000 after buying an additional 667 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Stewart Information Services by 6.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock worth $191,000 after buying an additional 170 shares during the period. Finally, Vident Advisory LLC lifted its holdings in shares of Stewart Information Services by 7.5% in the 4th quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after buying an additional 208 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen cut Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lifted their price objective on Stewart Information Services from $72.00 to $73.00 and gave the stock a "market perform" rating in a research note on Monday.

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.