Stewart Information Services Corporation (NYSE:STC) Announces Quarterly Dividend of $0.53
Stewart Information Services Corporation (NYSE:STC) announced a quarterly dividend of $0.525 per share, payable on December 30th to shareholders of record on December 15th. The dividend yield is 2.8%, with a payout ratio of 32.7%. The company has consistently increased its dividend annually for the past four years. Stewart Information Services reported strong quarterly earnings, with EPS of $1.64, surpassing estimates, and revenue up 19.3% year-over-year. Institutional investors hold 96.90% of the stock.
Stewart Information Services Corporation (NYSE:STC - Get Free Report) announced a quarterly dividend on Monday, December 1st. Shareholders of record on Monday, December 15th will be given a dividend of 0.525 per share by the insurance provider on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 15th.
Stewart Information Services has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Stewart Information Services has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.
Stewart Information Services Trading Down 0.8%
Shares of NYSE STC traded down $0.59 during midday trading on Tuesday, reaching $76.33. 9,346 shares of the stock were exchanged, compared to its average volume of 181,207. Stewart Information Services has a 12 month low of $56.39 and a 12 month high of $78.61. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.26 and a beta of 0.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.77 and a quick ratio of 1.91. The business has a 50-day simple moving average of $71.94 and a two-hundred day simple moving average of $68.29.
Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The insurance provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.42 by $0.22. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.The business had revenue of $791.30 million for the quarter, compared to the consensus estimate of $737.30 million. During the same quarter last year, the business posted $1.07 EPS. The firm's revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts expect that Stewart Information Services will post 6.29 EPS for the current year.
Institutional Trading of Stewart Information Services
A number of institutional investors have recently modified their holdings of STC. Caitlin John LLC acquired a new stake in shares of Stewart Information Services during the 3rd quarter worth $31,000. GAMMA Investing LLC lifted its position in Stewart Information Services by 138.3% during the third quarter. GAMMA Investing LLC now owns 741 shares of the insurance provider's stock worth $54,000 after purchasing an additional 430 shares during the period. Copeland Capital Management LLC grew its stake in Stewart Information Services by 96.7% during the third quarter. Copeland Capital Management LLC now owns 1,119 shares of the insurance provider's stock worth $82,000 after buying an additional 550 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Stewart Information Services by 2,735.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider's stock valued at $98,000 after buying an additional 1,450 shares during the period. Finally, Quadrant Capital Group LLC acquired a new position in shares of Stewart Information Services in the 3rd quarter valued at approximately $143,000. 96.90% of the stock is currently owned by institutional investors.
About Stewart Information Services
(Get Free Report)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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