Stewart Information Services (NYSE:STC) Issues Earnings Results

Stewart Information Services (NYSE:STC - Get Free Report) posted its earnings results on Wednesday. The insurance provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04, Zacks reports. The business had revenue of $721.50 million during the quarter, compared to the consensus estimate of $671.90 million. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%. Stewart Information Services's revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS.

Stewart Information Services Price Performance

STC traded down $0.62 during trading on Friday, hitting $64.96. The company's stock had a trading volume of 274,351 shares, compared to its average volume of 227,563. The firm's 50 day moving average price is $62.27 and its two-hundred day moving average price is $65.41. The company has a quick ratio of 1.77, a current ratio of 1.91 and a debt-to-equity ratio of 0.31. Stewart Information Services has a 12 month low of $56.39 and a 12 month high of $78.44. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.89 and a beta of 0.99.

Stewart Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.08%. Stewart Information Services's payout ratio is 64.31%.

Insider Transactions at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. acquired 1,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was purchased at an average price of $59.63 per share, for a total transaction of $59,630.00. Following the transaction, the director owned 20,243 shares in the company, valued at $1,207,090.09. This trade represents a 5.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.78% of the company's stock.

Institutional Investors Weigh In On Stewart Information Services

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Stewart Information Services by 2.4% during the first quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider's stock worth $9,158,000 after purchasing an additional 3,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 worth $6,102,000 after purchasing an additional 7,923 shares during the period. Jane Street Group LLC grew its stake in shares of Stewart Information Services by 607.8% during 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Stewart Information Services by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider's stock worth $1,149,000 after purchasing an additional 712 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Stewart Information Services by 6.0% during the first quarter. AQR Capital Management LLC now owns 8,583 shares of the insurance provider's stock worth $612,000 after purchasing an additional 483 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STC has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on Stewart Information Services from $75.00 to $72.00 and set a "market perform" rating for the company in a research report on Thursday, July 10th. Wall Street Zen downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

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.