Stewart Information Services (STC) to Release Quarterly Earnings on Wednesday

Stewart Information Services (NYSE:STC) will announce its earnings results after the market closes on Wednesday, October 23rd. Investors that are interested in participating in the company’s conference call can do so using this link.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). The company had revenue of $602.20 million for the quarter, compared to analyst estimates of $597.00 million. Stewart Information Services had a return on equity of 5.16% and a net margin of 1.85%. Stewart Information Services’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. 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 Price Performance

STC stock opened at $70.42 on Monday. The company has a 50 day simple moving average of $72.10 and a 200 day simple moving average of $67.02. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 46.33 and a beta of 1.20. Stewart Information Services has a 1 year low of $38.40 and a 1 year high of $76.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.97 and a quick ratio of 1.97.

Stewart Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.84%. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. Stewart Information Services’s dividend payout ratio is currently 131.58%.

Insiders Place Their Bets

In other Stewart Information Services news, CFO David C. Hisey sold 12,649 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $69.27, for a total transaction of $876,196.23. Following the sale, the chief financial officer now directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on STC. Stephens reiterated an “overweight” rating and set a $79.00 price objective on shares of Stewart Information Services in a research report on Thursday, July 25th. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. BTIG Research boosted their target price on shares of Stewart Information Services from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th.

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.