Stewart Information Services (STC) Scheduled to Post Earnings on Wednesday

Stewart Information Services (NYSE:STC) is set to release its earnings data after the market closes on Wednesday, October 23rd. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). Stewart Information Services had a return on equity of 5.16% and a net margin of 1.85%. The business had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $597.00 million. During the same period in the previous year, the business earned $0.69 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. On average, analysts expect Stewart Information Services to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stewart Information Services Stock Performance

Shares of STC stock opened at $70.05 on Wednesday. The stock has a fifty day moving average of $71.96 and a 200 day moving average of $66.83. Stewart Information Services has a 52 week low of $38.40 and a 52 week high of $76.83. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 46.09 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.32.

Stewart Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.86%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s dividend payout ratio (DPR) is currently 131.58%.

Insider Transactions at Stewart Information Services

In other news, CFO David C. Hisey sold 12,649 shares of Stewart Information Services stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $69.27, for a total value of $876,196.23. Following the completion of the transaction, the chief financial officer now owns 55,917 shares of the company’s stock, valued at $3,873,370.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on STC shares. StockNews.com lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods raised their price objective on Stewart Information Services from $71.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Stephens reissued an “overweight” rating and set a $79.00 price objective on shares of Stewart Information Services in a research report on Thursday, July 25th. Finally, BTIG Research raised their price objective on Stewart Information Services from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 22nd.

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.