Stewart Information Services Corp (NYSE:STC)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $41.97 and traded as high as $41.11. Stewart Information Services shares last traded at $40.71, with a volume of 1,920 shares changing hands.
Separately, Zacks Investment Research downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Stewart Information Services has an average rating of “Hold” and an average price target of $46.33.
The business’s 50 day moving average is $41.97. The firm has a market cap of $973.12 million, a PE ratio of 18.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.81 and a current ratio of 3.81.
Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). Stewart Information Services had a return on equity of 7.41% and a net margin of 2.38%. The firm had revenue of $398.52 million during the quarter. As a group, equities analysts predict that Stewart Information Services Corp will post 2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. Stewart Information Services’s dividend payout ratio is currently 55.56%.
Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors Inc. bought a new stake in shares of Stewart Information Services in the first quarter valued at about $252,000. CNH Partners LLC lifted its holdings in shares of Stewart Information Services by 25.3% in the first quarter. CNH Partners LLC now owns 551,658 shares of the insurance provider’s stock valued at $23,550,000 after purchasing an additional 111,534 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Stewart Information Services by 5.4% in the first quarter. Citigroup Inc. now owns 297,405 shares of the insurance provider’s stock valued at $12,697,000 after purchasing an additional 15,168 shares in the last quarter. Yakira Capital Management Inc. lifted its holdings in shares of Stewart Information Services by 243.4% in the first quarter. Yakira Capital Management Inc. now owns 196,573 shares of the insurance provider’s stock valued at $8,392,000 after purchasing an additional 139,326 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Stewart Information Services by 8.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 412,425 shares of the insurance provider’s stock valued at $17,607,000 after purchasing an additional 31,138 shares in the last quarter. Institutional investors own 88.32% of the company’s stock.
About Stewart Information Services (NYSE:STC)
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
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