Stewart Information Services (NYSE:STC) Reaches New 52-Week High at $56.29

Stewart Information Services Co. (NYSE:STC)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $56.29 and last traded at $56.21, with a volume of 3685 shares traded. The stock had previously closed at $54.86.

A number of brokerages have commented on STC. Keefe, Bruyette & Woods lifted their price target on Stewart Information Services from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, February 15th. Zacks Investment Research raised Stewart Information Services from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research note on Saturday, March 6th.

The company has a debt-to-equity ratio of 0.11, a current ratio of 3.41 and a quick ratio of 3.41. The stock has a market capitalization of $1.51 billion, a PE ratio of 14.18 and a beta of 1.02. The company has a 50 day moving average price of $51.95 and a 200-day moving average price of $48.01.

Stewart Information Services (NYSE:STC) last posted its earnings results on Tuesday, February 9th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.49. Stewart Information Services had a return on equity of 15.14% and a net margin of 4.62%. The firm had revenue of $736.73 million for the quarter. As a group, equities analysts anticipate that Stewart Information Services Co. will post 5.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were given a dividend of $0.33 per share. The ex-dividend date was Friday, March 12th. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 2.34%. Stewart Information Services’s payout ratio is currently 48.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STC. SummerHaven Investment Management LLC bought a new stake in shares of Stewart Information Services during the fourth quarter valued at approximately $625,000. Lord Abbett & CO. LLC boosted its holdings in Stewart Information Services by 45.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 841,768 shares of the insurance provider’s stock worth $40,708,000 after acquiring an additional 264,378 shares in the last quarter. Azora Capital LP bought a new stake in Stewart Information Services in the third quarter worth $8,814,000. Clough Capital Partners L P bought a new stake in Stewart Information Services in the third quarter worth $8,798,000. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Stewart Information Services by 49.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 520,948 shares of the insurance provider’s stock worth $25,193,000 after acquiring an additional 172,686 shares in the last quarter. Institutional investors own 91.90% of the company’s stock.

Stewart Information Services Company Profile (NYSE:STC)

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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