Stewart Information Services Co. (NYSE:STC) Insider Buys $22,450.30 in Stock

Stewart Information Services Co. (NYSE:STC) insider Iain Martyn Bryant purchased 430 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average cost of $52.21 per share, for a total transaction of $22,450.30. Following the purchase, the insider now owns 1,793 shares in the company, valued at $93,612.53. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Stewart Information Services Trading Up 0.9 %

NYSE STC opened at $67.76 on Friday. Stewart Information Services Co. has a one year low of $38.40 and a one year high of $68.41. The firm has a 50 day simple moving average of $62.90 and a 200-day simple moving average of $61.72. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 44.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 1.95.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. The business had revenue of $554.32 million during the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. Equities research analysts anticipate that Stewart Information Services Co. will post 4.24 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s dividend payout ratio is currently 125.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stephens restated an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a report on Thursday, April 25th. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods dropped their target price on shares of Stewart Information Services from $64.00 to $61.00 and set a “market perform” rating for the company in a report on Tuesday, July 2nd. Finally, BTIG Research upped their price target on Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th.

Hedge Funds Weigh In On Stewart Information Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Stewart Information Services in the first quarter worth approximately $111,000. Heritage Wealth Management LLC acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at $216,000. Truist Financial Corp acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at $247,000. Capstone Investment Advisors LLC acquired a new position in shares of Stewart Information Services during the first quarter worth $283,000. Finally, ARGA Investment Management LP acquired a new position in shares of Stewart Information Services during the fourth quarter worth $293,000. 96.90% of the stock is owned by institutional investors and hedge funds.

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.