Stewart Information Services CFO sells $93,943 in stock

David C. Hisey, the Chief Financial Officer of Stewart Information Services Corp . (NYSE:STC), recently sold a portion of his holdings in the company. According to a regulatory filing, Hisey sold 1,356 shares of common stock at a price of $69.28 per share, totaling $93,943. The transaction comes as the company, with a market capitalization of $1.92 billion, trades near its InvestingPro Fair Value, having delivered a 15% return over the past year.

Following this transaction, Hisey retains ownership of 54,561 shares in the company. This sale is part of routine insider trading activities that executives may engage in for various personal financial planning reasons. Stewart Information Services (NASDAQ:III), headquartered in Houston, Texas, is a prominent player in the title insurance industry. The company has maintained dividend payments for 23 consecutive years, with a current dividend yield of 2.9%. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Stewart Information Services Corporation reported better-than-expected earnings for the fourth quarter of 2024. The company achieved earnings per share (EPS) of $1.12, surpassing the forecasted $0.96, and reported revenue of $665.9 million, exceeding the anticipated $634.6 million. Additionally, Stewart Information Services declared a quarterly cash dividend of $0.50 per share, to be distributed at the end of March 2025. This dividend reflects the company’s continued commitment to providing returns to its shareholders. Despite the positive earnings, the company revised its full-year revenue guidance downward, suggesting potential challenges ahead. The focus on high-margin recurring revenue streams remains a strategic priority for the company. Analysts have noted the company’s robust performance but also highlighted uncertainties related to U.S. federal spending and tech market challenges. The recent developments underscore Stewart Information Services Corporation’s strategic financial management and its ongoing efforts to enhance shareholder value.

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