Allspring Global Investments Holdings LLC Has $120.60 Million Position in Stewart Information Services Corporation (NYSE:STC)

Allspring Global Investments Holdings LLC raised its position in Stewart Information Services Corporation (NYSE:STC - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,682,009 shares of the insurance provider's stock after buying an additional 30,160 shares during the period. Allspring Global Investments Holdings LLC owned approximately 6.05% of Stewart Information Services worth $120,600,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Stewart Information Services by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Stewart Information Services by 807.4% during the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after acquiring an additional 759 shares in the last quarter. State of Wyoming increased its position in shares of Stewart Information Services by 84.0% in the 4th quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock worth $99,000 after purchasing an additional 667 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Stewart Information Services by 6.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after purchasing an additional 170 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Stewart Information Services by 7.5% during the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after purchasing an additional 208 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Stewart Information Services news, Director C Allen Bradley, Jr. acquired 1,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $59.63 per share, with a total value of $59,630.00. Following the purchase, the director now directly owns 20,243 shares of the company's stock, valued at approximately $1,207,090.09. This trade represents a 5.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.78% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Stewart Information Services Stock Performance

Shares of STC traded down $0.22 during trading hours on Monday, reaching $65.03. 9,509 shares of the company's stock traded hands, compared to its average volume of 179,400. Stewart Information Services Corporation has a twelve month low of $58.61 and a twelve month high of $78.44. The business's fifty day simple moving average is $63.44 and its two-hundred day simple moving average is $66.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 24.99 and a beta of 0.98.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $608.90 million for the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a net margin of 2.88% and a return on equity of 6.92%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. Analysts predict that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.08%. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

Stewart Information Services Profile

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.