Stewart Information Services (NYSE:STC) Issues Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Stewart Information Services (NYSE:STC) released its quarterly earnings results on Wednesday. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.26, FiscalAI reports. The business had revenue of $778.40 million during the quarter, compared to the consensus estimate of $730.43 million. Stewart Information Services had a return on equity of 9.32% and a net margin of 3.95%.The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS.

Stewart Information Services Price Performance

Shares of STC stock traded down $0.74 during trading on Thursday, hitting $67.56. The company had a trading volume of 51,804 shares, compared to its average volume of 241,891. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $2.06 billion, a P/E ratio of 16.89 and a beta of 1.03. The stock’s 50-day moving average price is $64.97 and its 200 day moving average price is $68.81. Stewart Information Services has a one year low of $56.39 and a one year high of $78.61.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, March 16th. Stewart Information Services’s payout ratio is 51.98%.

Insider Buying and Selling at Stewart Information Services

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $65.34 per share, with a total value of $65,340.00. Following the acquisition, the director owned 21,243 shares in the company, valued at approximately $1,388,017.62. The trade was a 4.94% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.94% of the company’s stock.

Institutional Trading of Stewart Information Services

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Stewart Information Services by 75.9% during the 4th quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock worth $49,263,000 after acquiring an additional 302,623 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Stewart Information Services by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 663,625 shares of the insurance provider’s stock worth $46,634,000 after acquiring an additional 2,234 shares during the period. Zimmer Partners LP bought a new stake in shares of Stewart Information Services during the 4th quarter worth approximately $24,901,000. Alyeska Investment Group L.P. bought a new stake in shares of Stewart Information Services during the 4th quarter worth approximately $21,078,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Stewart Information Services during the 4th quarter worth approximately $19,673,000. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STC shares. Wall Street Zen downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Stephens upgraded Stewart Information Services from an “equal weight” rating to an “overweight” rating and set a $82.00 price target for the company in a research note on Friday, February 27th. Keefe, Bruyette & Woods reduced their price target on Stewart Information Services from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Citizens Jmp assumed coverage on Stewart Information Services in a research note on Monday, February 2nd. They issued a “market outperform” rating and a $80.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Stewart Information Services in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $80.00.

Stewart Information Services Company Profile

Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.

In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.