Stewart Information Services Corporation (NYSE:STC) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in Stewart Information Services Corporation (NYSE:STC - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 511,533 shares of the insurance provider's stock after selling 4,295 shares during the period. DAVENPORT & Co LLC owned approximately 1.84% of Stewart Information Services worth $36,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of STC. Smartleaf Asset Management LLC boosted its holdings in shares of Stewart Information Services by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after buying an additional 759 shares during the last quarter. State of Wyoming raised its position in Stewart Information Services by 84.0% during the fourth 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. raised its position in Stewart Information Services by 6.4% during the fourth 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. Finally, Vident Advisory LLC raised its position in Stewart Information Services by 7.5% during the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock valued at $201,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Stewart Information Services Price Performance

Shares of Stewart Information Services stock traded up $0.17 on Wednesday, hitting $66.21. The company's stock had a trading volume of 114,621 shares, compared to its average volume of 170,830. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 25.47 and a beta of 0.99. Stewart Information Services Corporation has a 1 year low of $58.61 and a 1 year high of $78.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a fifty day moving average price of $63.47 and a 200-day moving average price of $66.22.

Stewart Information Services (NYSE:STC - Get Free Report) last posted 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). The business had revenue of $608.90 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. As a group, sell-side analysts anticipate that Stewart Information Services Corporation will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Monday, June 16th. Stewart Information Services's dividend payout ratio is currently 76.92%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Insider Buying and Selling

In other Stewart Information Services news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the transaction, the director owned 20,243 shares of the company's stock, valued at $1,207,090.09. The trade was a 5.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.78% of the company's stock.

Stewart Information Services Company 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.