Stewart Information Services Corporation (NYSE:STC) Declares Quarterly Dividend of $0.53

by · The Cerbat Gem

Stewart Information Services Corporation (NYSE:STC – Get Free Report) declared 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 2.7%. The ex-dividend date is Monday, December 15th.

Stewart Information Services has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Stewart Information Services has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.

Stewart Information Services Stock Down 0.4%

Shares of STC traded down $0.31 during mid-day trading on Tuesday, reaching $76.61. The company’s stock had a trading volume of 30,476 shares, compared to its average volume of 181,244. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 21.31 and a beta of 0.95. The business has a fifty day moving average of $71.94 and a 200 day moving average of $68.29. The company has a quick ratio of 1.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.30. Stewart Information Services has a 1 year low of $56.39 and a 1 year high of $78.61.

Stewart Information Services (NYSE:STC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The insurance provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.22. The business had revenue of $791.30 million for the quarter, compared to the consensus estimate of $737.30 million. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.Stewart Information Services’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, analysts forecast that Stewart Information Services will post 6.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STC has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Stewart Information Services in a report on Tuesday, November 25th. Wall Street Zen raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

View Our Latest Research Report on STC

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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