Stewart Information Services (NYSE:STC) Issues Quarterly Earnings Results, Beats Estimates By $1.31 EPS

Stewart Information Services (NYSE:STC) released its earnings results on Tuesday. The insurance provider reported $3.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $1.31, Fidelity Earnings reports. Stewart Information Services had a return on equity of 20.69% and a net margin of 8.04%.

Shares of NYSE STC traded up $1.96 on Thursday, hitting $58.18. The company had a trading volume of 6,519 shares, compared to its average volume of 110,741. Stewart Information Services has a 12-month low of $36.42 and a 12-month high of $62.44. The company has a 50 day moving average price of $57.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 2.58. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 7.68 and a beta of 1.06.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, June 14th. Stewart Information Services’s payout ratio is 20.79%.

Separately, Zacks Investment Research lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Friday, July 2nd.

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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Earnings History for Stewart Information Services (NYSE:STC)

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