Stewart Information Services (NYSE:STC) Hits New 52-Week High at $62.61

Stewart Information Services Co. (NYSE:STCGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $62.61 and last traded at $62.46, with a volume of 27886 shares trading hands. The stock had previously closed at $62.21.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on STC shares. StockNews.com started coverage on shares of Stewart Information Services in a research note on Thursday, October 5th. They issued a “hold” rating for the company. BTIG Research upgraded shares of Stewart Information Services from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Monday, December 4th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Stewart Information Services from $46.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Stewart Information Services currently has an average rating of “Moderate Buy” and an average price target of $61.33.

Get Our Latest Stock Analysis on Stewart Information Services

Stewart Information Services Price Performance

The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 49.55 and a beta of 1.16. The company’s 50-day moving average is $56.00 and its 200-day moving average is $48.74.

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, December 14th. Stewart Information Services’s dividend payout ratio (DPR) is presently 148.44%.

Institutional Trading of Stewart Information Services

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Stewart Information Services by 2.3% during the first quarter. BlackRock Inc. now owns 3,991,364 shares of the insurance provider’s stock worth $161,052,000 after buying an additional 91,319 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Stewart Information Services by 1.1% during the third quarter. Vanguard Group Inc. now owns 2,055,044 shares of the insurance provider’s stock valued at $89,683,000 after purchasing an additional 21,654 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Stewart Information Services by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,815,683 shares of the insurance provider’s stock valued at $74,697,000 after purchasing an additional 85,390 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Stewart Information Services by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,672,223 shares of the insurance provider’s stock valued at $68,795,000 after purchasing an additional 6,249 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Stewart Information Services by 37.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,522,904 shares of the insurance provider’s stock valued at $65,074,000 after purchasing an additional 418,922 shares during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

Stewart Information Services Company Profile

(Get Free Report)

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates through Title and Real Estate Solutions segments. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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