Dimensional Fund Advisors LP Has $116.38 Million Position in Stewart Information Services Co. (NYSE:STC)

Dimensional Fund Advisors LP lessened its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,724,392 shares of the insurance provider's stock after selling 49,396 shares during the quarter. Dimensional Fund Advisors LP owned about 6.22% of Stewart Information Services worth $116,381,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Capital International Investors bought a new stake in Stewart Information Services during the 4th quarter worth about $15,890,000. Raymond James Financial Inc. bought a new stake in shares of Stewart Information Services during the fourth quarter worth approximately $4,034,000. JPMorgan Chase & Co. raised its stake in shares of Stewart Information Services by 93.7% during the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock worth $6,992,000 after buying an additional 50,113 shares during the last quarter. Barclays PLC lifted its holdings in Stewart Information Services by 337.0% in the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock valued at $3,400,000 after buying an additional 35,088 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Stewart Information Services by 12.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider's stock worth $19,759,000 after acquiring an additional 32,638 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Stewart Information Services Trading Up 2.0 %

Shares of STC traded up $1.28 during trading hours on Friday, reaching $66.34. The stock had a trading volume of 13,390 shares, compared to its average volume of 181,481. The company has a market cap of $1.84 billion, a P/E ratio of 25.50 and a beta of 1.05. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $68.43 and a 200 day moving average of $68.98.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The business had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same quarter last year, the company earned $0.17 earnings per share. The firm's revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, March 17th. Stewart Information Services's payout ratio is currently 76.92%.

Analysts Set New Price Targets

STC has been the topic of a number of analyst reports. StockNews.com downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods raised their target price on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Finally, Stephens restated an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th.

About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.