Stewart Information Services Co. (STC) to Issue Quarterly Dividend of $0.50 on March 31st

Stewart Information Services Co. (NYSE:STC) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.50 per share by the insurance provider on Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, March 17th.

Stewart Information Services has increased its dividend by an average of 12.6% annually over the last three years. Stewart Information Services has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings.

Stewart Information Services Stock Down 2.0 %

Shares of STC opened at $68.96 on Wednesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 26.52 and a beta of 1.23. Stewart Information Services has a 1 year low of $58.23 and a 1 year high of $78.44. The business’s 50 day simple moving average is $66.53 and its 200-day simple moving average is $70.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. As a group, equities analysts expect that Stewart Information Services will post 6.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods boosted their target price on Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a research report on Friday, February 7th.

About Stewart Information Services

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.