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

Stewart Information Services (NYSE:STC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 23rd. Investors interested in registering for 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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $597.00 million. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. 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

STC opened at $70.42 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $72.10 and its two-hundred day moving average price is $67.02. Stewart Information Services has a 1-year low of $38.40 and a 1-year high of $76.83. The company 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 Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CFO David C. Hisey sold 12,649 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $69.27, for a total value of $876,196.23. Following the completion of the sale, the chief financial officer now owns 55,917 shares in the company, valued at $3,873,370.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.