Stewart Information Services Corporation (NYSE:STC) Plans Quarterly Dividend of $0.55

Stewart Information Services Corporation (NYSE:STC) announced a quarterly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.55 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.8% increase from Stewart Information Services’s previous quarterly dividend of $0.53.

Stewart Information Services has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Stewart Information Services has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Stewart Information Services to earn $6.25 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 33.6%.

Stewart Information Services Stock Performance

Shares of STC stock traded down $1.29 during trading hours on Monday, hitting $68.62. The company’s stock had a trading volume of 143,995 shares, compared to its average volume of 227,744. The company has a 50 day moving average of $68.26 and a 200 day moving average of $66.87. The stock has a market cap of $2.09 billion, a PE ratio of 15.05 and a beta of 0.98. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.39. Stewart Information Services has a 12-month low of $57.10 and a 12-month high of $78.61.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.24). Stewart Information Services had a return on equity of 10.02% and a net margin of 4.12%.The business had revenue of $895.80 million during the quarter, compared to analyst estimates of $838.07 million. During the same quarter in the previous year, the company earned $1.34 EPS. The firm’s revenue was up 24.5% compared to the same quarter last year. On average, sell-side analysts forecast that Stewart Information Services will post 5.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Benchmark assumed coverage on Stewart Information Services in a research report on Tuesday, July 21st. They set a “buy” rating and a $87.00 price target on the stock. Stephens restated an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a research note on Monday, May 18th. Keefe, Bruyette & Woods lowered Stewart Information Services from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $77.00 to $71.00 in a report on Monday, July 27th. Wall Street Zen cut Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Stewart Information Services Company Profile

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.