Stewart Information Services (NYSE:STC – Get Free Report) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21, Yahoo Finance reports. The business had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. Stewart Information Services had a net margin of 1.85% and a return on equity of 5.16%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS.
Stewart Information Services Stock Down 3.4 %
NYSE:STC traded down $2.40 during mid-day trading on Friday, hitting $69.03. 119,202 shares of the company’s stock were exchanged, compared to its average volume of 188,767. Stewart Information Services has a one year low of $38.40 and a one 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. The business has a fifty day moving average price of $72.02 and a 200 day moving average price of $67.11. The company has a market cap of $1.90 billion, a PE ratio of 45.41 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. Investors of record on Monday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.90%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s payout ratio is presently 131.58%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on STC
Insider Buying and Selling
In related news, CFO David C. Hisey sold 12,649 shares of the business’s stock in a transaction dated 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 owns 55,917 shares of the company’s stock, valued at $3,873,370.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.
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.
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