Bank of America Corp DE Buys 12,455 Shares of Stewart Information Services Co. (NYSE:STC)

Bank of America Corp DE increased its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,444 shares of the insurance provider's stock after purchasing an additional 12,455 shares during the quarter. Bank of America Corp DE owned about 1.14% of Stewart Information Services worth $21,357,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in Stewart Information Services by 337.0% during the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after acquiring an additional 35,088 shares during the period. SG Americas Securities LLC raised its position in shares of Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock valued at $911,000 after acquiring an additional 9,077 shares during the last quarter. Blue Trust Inc. raised its position in shares of Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after acquiring an additional 208 shares during the last quarter. KBC Group NV raised its position in shares of Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after acquiring an additional 572 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Stewart Information Services by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider's stock valued at $108,741,000 after acquiring an additional 10,132 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on STC shares. Wall Street Zen cut shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th.

Stewart Information Services Trading Down 0.3%

STC traded down $0.16 during mid-day trading on Friday, hitting $60.66. The stock had a trading volume of 179,176 shares, compared to its average volume of 168,972. The stock's fifty day simple moving average is $66.57 and its 200-day simple moving average is $68.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.33 and a beta of 1.01. Stewart Information Services Co. has a 1-year low of $58.61 and a 1-year high of $78.44.

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

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.30%. Stewart Information Services's dividend payout ratio is currently 76.92%.

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.