Stewart Information Services Corporation (NYSE:STC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,024 shares of the insurance provider's stock after selling 16,351 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Stewart Information Services worth $20,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Stewart Information Services by 1.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,682,009 shares of the insurance provider's stock valued at $120,600,000 after buying an additional 30,160 shares during the last quarter. Invesco Ltd. grew its stake in Stewart Information Services by 6.2% during the 4th quarter. Invesco Ltd. now owns 352,477 shares of the insurance provider's stock worth $23,789,000 after buying an additional 20,465 shares during the last quarter. Bank of America Corp DE grew its stake in Stewart Information Services by 4.1% during the 4th quarter. Bank of America Corp DE now owns 316,444 shares of the insurance provider's stock worth $21,357,000 after buying an additional 12,455 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake 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 buying an additional 32,638 shares during the last quarter. Finally, Capital International Investors purchased a new position in Stewart Information Services during the 4th quarter worth $15,890,000. 96.90% of the stock is currently owned by institutional investors.

Stewart Information Services Trading Down 0.6%

STC traded down $0.38 on Friday, hitting $58.40. The company had a trading volume of 127,236 shares, compared to its average volume of 174,272. The firm has a market cap of $1.63 billion, a P/E ratio of 22.46 and a beta of 0.99. Stewart Information Services Corporation has a 1 year low of $56.39 and a 1 year high of $78.44. The company's fifty day moving average price is $62.65 and its 200 day moving average price is $65.52. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.32.

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

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Monday, June 16th. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

Analysts Set New Price Targets

Several brokerages recently commented on STC. Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price target on shares of Stewart Information Services from $75.00 to $72.00 and set a "market perform" rating for the company in a research report on Thursday, July 10th.

Insider Transactions at Stewart Information Services

In other news, Director C Allen Bradley, Jr. acquired 1,000 shares of Stewart Information Services stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the purchase, the director owned 20,243 shares in the company, valued at $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

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.