Bank of New York Mellon Corp lowered its stake in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 5.5% during the first quarter, according to its most recent Form 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 quarter. Bank of New York Mellon Corp owned about 1.02% of Stewart Information Services worth $20,194,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. 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 during the period. State of Wyoming lifted its position in Stewart Information Services by 84.0% in the 4th quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock valued at $99,000 after acquiring an additional 667 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in 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 acquiring an additional 170 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Stewart Information Services by 7.5% during the 4th quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after buying an additional 208 shares in the last quarter. Finally, Montchanin Asset Management LLC bought a new position in shares of Stewart Information Services during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 96.90% of the company's stock.
Insider Activity at Stewart Information Services
In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average cost of $59.63 per share, with a total value of $59,630.00. Following the completion of the purchase, the director directly owned 20,243 shares in the company, valued at approximately $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.78% of the company's stock.
Stewart Information Services Price Performance
Shares of STC traded up $0.92 during mid-day trading on Tuesday, reaching $59.26. 181,830 shares of the stock traded hands, compared to its average volume of 174,145. The firm has a fifty day moving average price of $62.41 and a 200 day moving average price of $65.42. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99. 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 Corporation has a 1 year low of $56.39 and a 1 year high of $78.44.
Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly 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). Stewart Information Services had a return on equity of 6.92% and a net margin of 2.88%. The business had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research 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 was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, June 16th. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on STC. Keefe, Bruyette & Woods reduced their price objective on shares of Stewart Information Services from $75.00 to $72.00 and set a "market perform" rating for the company in a research note on Thursday, July 10th. Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.
Get Our Latest Stock Analysis on STC
Stewart Information Services Profile
(
Free Report)
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.
Featured Stories

Before you consider Stewart Information Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stewart Information Services wasn't on the list.
While Stewart Information Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.