Brad Rable Sells 5,694 Shares of Stewart Information Services Corporation (NYSE:STC) Stock

Stewart Information Services Corporation (NYSE:STC - Get Free Report) insider Brad Rable sold 5,694 shares of Stewart Information Services stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $65.32, for a total value of $371,932.08. Following the sale, the insider directly owned 23,872 shares of the company's stock, valued at $1,559,319.04. This trade represents a 19.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stewart Information Services Stock Performance

NYSE:STC traded up $0.85 during trading hours on Monday, reaching $65.96. The company had a trading volume of 272,353 shares, compared to its average volume of 189,395. Stewart Information Services Corporation has a 1-year low of $56.39 and a 1-year high of $78.44. The firm has a market cap of $1.84 billion, a PE ratio of 21.21 and a beta of 0.99. The business's 50 day moving average price is $62.27 and its 200-day moving average price is $65.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.91 and a quick ratio of 1.77.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.04. The business had revenue of $721.50 million during the quarter, compared to analysts' expectations of $671.90 million. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%. The business's revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Research analysts forecast that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 16th. Stewart Information Services's dividend payout ratio (DPR) is presently 64.31%.

Institutional Trading of Stewart Information Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC increased its position in shares of Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock valued at $58,000 after buying an additional 759 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Stewart Information Services by 2,735.8% during the second quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider's stock worth $98,000 after purchasing an additional 1,450 shares in the last quarter. State of Wyoming increased its position in shares of Stewart Information Services by 84.0% during the fourth quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock worth $99,000 after purchasing an additional 667 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Stewart Information Services by 6.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock worth $191,000 after purchasing an additional 170 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Stewart Information Services by 7.5% during the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after purchasing an additional 208 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STC has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on Stewart Information Services from $72.00 to $73.00 and gave the stock a "market perform" rating in a report on Monday. Wall Street Zen downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Get Our Latest Analysis on Stewart Information Services

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.

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