Stewart Information Services Corp (NYSE:STC) Director Sells $617,239.70 in Stock

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Stewart Information Services Corp (NYSE:STC) Director Matthew Morris sold 14,630 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $42.19, for a total transaction of $617,239.70. Following the completion of the sale, the director now owns 166,153 shares in the company, valued at $7,009,995.07. The sale was disclosed in a document filed with the SEC, which is available at this link.

Matthew Morris also recently made the following trade(s):

  • On Wednesday, June 3rd, Matthew Morris sold 17,418 shares of Stewart Information Services stock. The shares were sold at an average price of $32.20, for a total transaction of $560,859.60.
  • On Thursday, May 28th, Matthew Morris sold 24,063 shares of Stewart Information Services stock. The shares were sold at an average price of $32.26, for a total transaction of $776,272.38.
  • On Tuesday, May 26th, Matthew Morris sold 17,310 shares of Stewart Information Services stock. The shares were sold at an average price of $31.68, for a total transaction of $548,380.80.
  • On Thursday, May 21st, Matthew Morris sold 9,200 shares of Stewart Information Services stock. The shares were sold at an average price of $30.75, for a total transaction of $282,900.00.

Shares of NYSE STC opened at $41.95 on Friday. The company has a quick ratio of 4.45, a current ratio of 3.67 and a debt-to-equity ratio of 0.27. Stewart Information Services Corp has a 52 week low of $20.26 and a 52 week high of $44.14. The firm has a 50-day moving average price of $33.75 and a 200 day moving average price of $33.42. The stock has a market capitalization of $997.25 million, a price-to-earnings ratio of 9.45 and a beta of 0.98.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, July 22nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $1.08. The company had revenue of $516.11 million during the quarter. Stewart Information Services had a net margin of 5.20% and a return on equity of 12.73%. Equities research analysts expect that Stewart Information Services Corp will post 2.64 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Stephens raised their price objective on shares of Stewart Information Services from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods upgraded shares of Stewart Information Services from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $31.00 to $47.00 in a research note on Monday, July 27th. Finally, Zacks Investment Research cut shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research note on Friday, May 29th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank raised its position in Stewart Information Services by 8.6% during the second quarter. Comerica Bank now owns 25,023 shares of the insurance provider’s stock worth $932,000 after acquiring an additional 1,987 shares during the last quarter. Mackay Shields LLC grew its holdings in shares of Stewart Information Services by 109.1% during the second quarter. Mackay Shields LLC now owns 88,180 shares of the insurance provider’s stock worth $2,867,000 after buying an additional 46,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Stewart Information Services by 37.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,748 shares of the insurance provider’s stock worth $122,000 after buying an additional 1,014 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Stewart Information Services during the second quarter worth about $1,208,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Stewart Information Services during the second quarter worth about $4,738,000. Institutional investors own 91.91% of the company’s stock.

About Stewart Information Services

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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Insider Buying and Selling by Quarter for Stewart Information Services (NYSE:STC)

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