Stewart Information Services Corp (NYSE:STC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $39.34 and traded as high as $42.38. Stewart Information Services shares last traded at $41.91, with a volume of 2,478 shares traded.
Separately, Zacks Investment Research cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.
The stock’s fifty day moving average is $41.31 and its 200-day moving average is $39.34. The stock has a market capitalization of $1.01 billion, a PE ratio of 19.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.13 and a quick ratio of 4.13.
Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Tuesday, October 22nd. The insurance provider reported $1.28 EPS for the quarter. Stewart Information Services had a net margin of 4.74% and a return on equity of 8.49%. The company had revenue of $559.51 million for the quarter. On average, analysts forecast that Stewart Information Services Corp will post 2.86 EPS for the current year.
In other news, Director Glenn C. Christenson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $40.57, for a total value of $608,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick H. Eppinger bought 3,000 shares of Stewart Information Services stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of $40.50 per share, with a total value of $121,500.00. Following the completion of the purchase, the chief executive officer now owns 10,702 shares in the company, valued at $433,431. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,316 shares of company stock valued at $459,591. Insiders own 2.50% of the company’s stock.
Several large investors have recently made changes to their positions in STC. BlackRock Inc. grew its stake in Stewart Information Services by 0.6% in the 2nd quarter. BlackRock Inc. now owns 3,491,029 shares of the insurance provider’s stock valued at $141,353,000 after acquiring an additional 19,947 shares during the period. Wells Fargo & Company MN lifted its holdings in Stewart Information Services by 4.9% during the second quarter. Wells Fargo & Company MN now owns 1,043,134 shares of the insurance provider’s stock valued at $42,236,000 after purchasing an additional 48,285 shares in the last quarter. State Street Corp lifted its holdings in Stewart Information Services by 1.7% during the third quarter. State Street Corp now owns 711,272 shares of the insurance provider’s stock valued at $27,590,000 after purchasing an additional 11,613 shares in the last quarter. Invesco Ltd. grew its position in shares of Stewart Information Services by 17.8% in the second quarter. Invesco Ltd. now owns 659,672 shares of the insurance provider’s stock valued at $26,710,000 after purchasing an additional 99,746 shares during the period. Finally, UBS Group AG grew its position in shares of Stewart Information Services by 20.7% in the second quarter. UBS Group AG now owns 407,867 shares of the insurance provider’s stock valued at $16,514,000 after purchasing an additional 69,922 shares during the period. Hedge funds and other institutional investors own 88.11% of the company’s stock.
About Stewart Information Services (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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