Stewart Information Services (NYSE:STC) issued its earnings results on Thursday. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.08), Fidelity Earnings reports. Stewart Information Services had a return on equity of 7.41% and a net margin of 2.38%. The company had revenue of $472.08 million for the quarter.
Stewart Information Services stock traded up $0.74 during midday trading on Friday, reaching $37.33. The stock had a trading volume of 181,100 shares, compared to its average volume of 141,227. The company’s fifty day moving average is $40.22. Stewart Information Services has a 1-year low of $36.23 and a 1-year high of $45.75. The stock has a market capitalization of $891.83 million, a PE ratio of 17.28 and a beta of 0.59. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.32.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Thursday, June 13th. Stewart Information Services’s dividend payout ratio is presently 55.56%.
Separately, Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.33.
About Stewart Information Services
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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