On August 8, 2024, David Hisey, Chief Financial Officer of Stewart Information Services Corp (NYSE:STC), sold 12,649 shares of the company’s stock at a price of $69.27 per share. This transaction was reported in a recent SEC filing. Following this sale, the insider now owns 55,917 shares of the company’s stock.
Stewart Information Services Corp (NYSE:STC) is a global real estate services company that provides products and services through its own offices, its network of approved agencies and other companies in its group. The company provides title insurance and transaction-related services for residential and commercial real estate transactions.
Over the past year, the insider has sold a total of 12,649 shares and purchased no shares. The insider transaction history for Stewart Information Services Corp shows a total of 1 insider purchase and 2 insider sales over the past year.
Stewart Information Services Corp shares were trading at $69.27 on the day of the sale, giving the company a market capitalization of approximately $1.931 billion. The stock’s price-to-earnings ratio is 44.73, which is above the industry median of 11.375 and the company’s historical median.
The current share price compared to the GF Value of $42.35 shows that the stock is significantly overvalued with a Price-GF Value ratio of 1.64.
The GF score is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and estimates of future business performance provided by Morningstar analysts.
This sale by the insider could be of interest to current and potential investors as it provides insight into how insiders interact with their shares in the company given the current market valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
