Stewart Information Services Co (NYSE:STC):
Driehaus Capital Management Comments on Its 13D Filing and Investment in Stewart Information Services Corporation.
The company is so far trading down by -1.46% since yesterday’s close of $45.06.
Additionally the company recently declared a dividend paid on Friday September 30th, 2016. The dividend payment was $0.300 per share for the quarter which is $1.20 annualized. This dividend represents a yield of $2.66. The ex-dividend date was Tuesday the 13th of September 2016.
It is currently trading at $44.40 a tad below the 50 day moving average which is $45.20 and which is slightly above the 200 day moving average of $41.74. The 50 day moving average went down by -1.77% and the 200 day average went up by +6.36%.
Stewart Information Services Co’s P/E ratio is 35.66 and market cap is 1.04B. As of the latest earnings report the EPS was $1.25 and is projected to be $2.37 for the current year with 23,371,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.16 and the next full year EPS is anticipated to be $2.86.
Several investment analysts have released opinions on the company of late. On August 31 the company was downgraded to “Sell” from “” by Janney Capital. On February 12 FBR Capital left the company rating at “Market Perform” but moved down the price target from $42.00 to $37.00.
October 26 investment analysts at Keefe Bruyette & Woods made no change to the company rating of “Market Perform” and lowered the price expectation to $41.00 from $42.00. On August 3 analysts at Keefe Bruyette & Woods began coverage of the stock with an initial rating of “Market Perform” and projecting a price target of $42.00.