Stewart Information Services (STC) Shares Gap Up to $42.61

Stewart Information Services Corp (NYSE:STC)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $40.37, but opened at $42.61. Stewart Information Services shares last traded at $43.94, with a volume of 3006640 shares.

A number of brokerages have recently issued reports on STC. Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 price objective on shares of Stewart Information Services in a research report on Friday, December 22nd. Zacks Investment Research upgraded Stewart Information Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 31st.

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The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $1,010.58, a PE ratio of 21.51 and a beta of 1.01.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. Stewart Information Services had a return on equity of 7.42% and a net margin of 2.49%. The company had revenue of $525.60 million during the quarter, compared to the consensus estimate of $504.30 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. equities research analysts predict that Stewart Information Services Corp will post 3.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.69%. Stewart Information Services’s dividend payout ratio (DPR) is 58.25%.

Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of Stewart Information Services by 2.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 212,320 shares of the insurance provider’s stock worth $8,018,000 after acquiring an additional 5,210 shares during the last quarter. First Trust Advisors LP grew its stake in Stewart Information Services by 37.4% during the third quarter. First Trust Advisors LP now owns 35,384 shares of the insurance provider’s stock worth $1,336,000 after purchasing an additional 9,632 shares during the period. Highbridge Capital Management LLC acquired a new stake in Stewart Information Services during the third quarter worth approximately $288,000. Wells Fargo & Company MN grew its stake in Stewart Information Services by 13.6% during the third quarter. Wells Fargo & Company MN now owns 763,468 shares of the insurance provider’s stock worth $28,829,000 after purchasing an additional 91,643 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Stewart Information Services by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,966,472 shares of the insurance provider’s stock worth $74,254,000 after purchasing an additional 26,682 shares during the period. Institutional investors own 86.43% of the company’s stock.

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Stewart Information Services Company Profile

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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