Stewart Information Services Corp (NYSE:STC) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 477,200 shares, a growth of 60.5% from the September 15th total of 297,300 shares. Based on an average daily volume of 233,800 shares, the short-interest ratio is currently 2.0 days. Approximately 2.1% of the company’s shares are short sold.
Shares of Stewart Information Services stock opened at $39.79 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.07 and a quick ratio of 3.75. The business’s 50 day simple moving average is $37.72 and its two-hundred day simple moving average is $39.49. The stock has a market capitalization of $967.69 million, a P/E ratio of 18.42 and a beta of 0.54. Stewart Information Services has a one year low of $32.61 and a one year high of $44.99.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. Stewart Information Services’s dividend payout ratio (DPR) is currently 55.56%.
In other Stewart Information Services news, Director James M. Chadwick sold 4,906 shares of Stewart Information Services stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.27, for a total value of $173,034.62. Following the transaction, the director now directly owns 1,706 shares of the company’s stock, valued at approximately $60,170.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in Stewart Information Services by 122.0% in the 2nd quarter. Parallel Advisors LLC now owns 797 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 438 shares during the period. Bank of Montreal Can increased its stake in shares of Stewart Information Services by 482.0% during the second quarter. Bank of Montreal Can now owns 2,334 shares of the insurance provider’s stock valued at $95,000 after buying an additional 1,933 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Stewart Information Services during the second quarter valued at approximately $214,000. Cubist Systematic Strategies LLC purchased a new position in shares of Stewart Information Services during the second quarter valued at approximately $225,000. Finally, Man Group plc increased its stake in shares of Stewart Information Services by 52.5% during the second quarter. Man Group plc now owns 11,428 shares of the insurance provider’s stock valued at $463,000 after buying an additional 3,935 shares during the period. 88.36% of the stock is currently owned by institutional investors and hedge funds.
Stewart Information Services Company Profile
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.
Further Reading: Fundamental Analysis
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