The stock of Stewart Information Services Corporation (NYSE:STC) last traded at $47.32, up 2.09% from the previous session.
Data from the available sources indicates that Stewart Information Services Corporation (NYSE:STC) is covered by 3 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $54.00, we find $56.00. Given the previous closing price of $46.35, this indicates a potential upside of 20.82 percent. STC stock price is now 10.32% away from the 50-day moving average and -2.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
In total, 0 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $56.00 as their price target over the next twelve months.
With the price target of $99, BTIG Research recently initiated with Buy rating for Stewart Information Services Corporation (NYSE: STC). On October 23, 2020, Stephens Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $50 to quote $55, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’.
In other news, EPPINGER FREDERICK H, Chief Executive Officer bought 1,500 shares of the company’s stock on Jun 15. The stock was bought for $73,362 at an average price of $48.91. Upon completion of the transaction, the Chief Executive Officer now directly owns 94,762 shares in the company, valued at $4.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, Group President Lessack Steven Mark bought 3,000 shares of the business’s stock. A total of $165,600 was incurred on buying the stock at an average price of $55.20. This leaves the insider owning 9,291 shares of the company worth $0.44 million. Insiders disposed of 35,848 shares of company stock worth roughly $1.7 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STC stock. A new stake in Stewart Information Services Corporation shares was purchased by CONFLUENCE INVESTMENT MANAGEMENT LLC during the first quarter worth $2,619,000. HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC invested $2,180,000 in shares of STC during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in Stewart Information Services Corporation valued at approximately $864,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. acquired a new stake in STC for approximately $847,000. D. E. SHAW & CO., INC. purchased a new stake in STC valued at around $664,000 in the second quarter. In total, there are 328 active investors with 94.80% ownership of the company’s stock.
With an opening price of $46.34 on Monday morning, Stewart Information Services Corporation (NYSE: STC) set off the trading day. During the past 12 months, Stewart Information Services Corporation has had a low of $35.96 and a high of $76.00. The fifty day moving average price for STC is $43.11 and a two-hundred day moving average price translates $48.47 for the stock.
The latest earnings results from Stewart Information Services Corporation (NYSE: STC) was released for Sep, 2022. According to the Insurance – Property & Casualty Company, earnings per share came in at $1.37, missing analysts’ expectations of $1.75 by -0.38. This compares to $3.26 EPS in the same period last year. The net profit margin was 6.90% and return on equity was 17.70% for STC. The company reported revenue of $716.4 million for the quarter, compared to $836.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.38 percent. For the current quarter, analysts expect STC to generate $702.55M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 3.80% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, STC is presently at 18.10%.
Stewart Information Services Corporation(STC) Company Profile
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates in two segments, Title, and Ancillary Services and Corporate. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property. This segment also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services. The Ancillary Services and Corporate segment provides appraisal management, online notarization and closing, credit and real estate information, and search and valuation services to the mortgage industry. The company offers its products and services through its directly owned policy-issuing offices, network of independent agencies, and other businesses within the company. It serves homebuyers and sellers, residential and commercial real estate professionals, title agencies, real estate attorneys and investors, and home builders, as well as mortgage lenders, servicers, brokers, and investors. The company operates in the United States, Canada, the United Kingdom, and Australia. Stewart Information Services Corporation was founded in 1893 and is headquartered in Houston, Texas.