Stewart Information Services (NYSE:STC) Stock Crosses Above 50-Day Moving Average of $41.15

Stewart Information Services Corp (NYSE:STC) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $41.15 and traded as high as $39.96. Stewart Information Services shares last traded at $39.96, with a volume of 3,224 shares trading hands.

Separately, Zacks Investment Research cut 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 assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $46.33.

The company has a market cap of $945.16 million, a P/E ratio of 18.56 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.81 and a quick ratio of 3.81. The company’s 50-day simple moving average is $41.10.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Thursday, April 25th. The insurance provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The company had revenue of $398.52 million during the quarter. Stewart Information Services had a net margin of 2.38% and a return on equity of 7.41%. Sell-side analysts forecast that Stewart Information Services Corp will post 2.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, June 13th. Stewart Information Services’s dividend payout ratio (DPR) is presently 55.56%.

Several hedge funds and other institutional investors have recently made changes to their positions in STC. Quadrant Capital Group LLC grew its position in shares of Stewart Information Services by 1,658.8% in the first quarter. Quadrant Capital Group LLC now owns 598 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 564 shares in the last quarter. SG Americas Securities LLC purchased a new position in Stewart Information Services during the first quarter worth about $127,000. Laurel Wealth Advisors Inc. purchased a new position in Stewart Information Services during the first quarter worth about $252,000. Piedmont Investment Advisors Inc. grew its position in Stewart Information Services by 5.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 5,954 shares of the insurance provider’s stock worth $254,000 after buying an additional 311 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Stewart Information Services by 4.5% during the fourth quarter. Hsbc Holdings PLC now owns 6,448 shares of the insurance provider’s stock worth $267,000 after buying an additional 279 shares in the last quarter. Institutional investors own 88.32% 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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