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

Stewart Information Services Corporation (NYSE:STC) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.525 per share by the insurance provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 15th.

Stewart Information Services has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Stewart Information Services has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stewart Information Services to earn $6.80 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 30.9%.

Stewart Information Services Price Performance

STC stock opened at $63.62 on Tuesday. Stewart Information Services has a 12 month low of $56.39 and a 12 month high of $78.61. The firm has a market capitalization of $1.94 billion, a P/E ratio of 14.20 and a beta of 0.99. The firm has a 50 day moving average of $65.62 and a 200-day moving average of $68.44. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.39.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.26. Stewart Information Services had a net margin of 4.19% and a return on equity of 10.07%. The business had revenue of $778.40 million during the quarter, compared to the consensus estimate of $730.43 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, sell-side analysts predict that Stewart Information Services will post 5.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $65.34 per share, with a total value of $65,340.00. Following the acquisition, the director owned 21,243 shares of the company’s stock, valued at $1,388,017.62. The trade was a 4.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David C. Hisey sold 10,992 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $71.28, for a total transaction of $783,509.76. Following the sale, the chief financial officer owned 61,929 shares in the company, valued at approximately $4,414,299.12. The trade was a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.94% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STC. Capital International Investors raised its holdings in Stewart Information Services by 107.7% during the third quarter. Capital International Investors now owns 764,459 shares of the insurance provider’s stock valued at $56,050,000 after acquiring an additional 396,390 shares during the period. Zimmer Partners LP purchased a new stake in shares of Stewart Information Services during the fourth quarter worth about $24,901,000. Millennium Management LLC raised its stake in Stewart Information Services by 75.9% during the 4th quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock valued at $49,263,000 after purchasing an additional 302,623 shares during the period. Alyeska Investment Group L.P. purchased a new position in Stewart Information Services in the 4th quarter worth approximately $21,078,000. Finally, Ghisallo Capital Management LLC purchased a new position in Stewart Information Services in the 4th quarter worth approximately $19,673,000. Institutional investors own 96.90% of the company’s stock.

About Stewart Information Services

Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.

In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.