Stewart Information Services Co. (NYSE:STC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 55.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,233 shares of the insurance provider's stock after buying an additional 8,284 shares during the period. Deutsche Bank AG owned about 0.08% of Stewart Information Services worth $1,568,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alliancebernstein L.P. grew its position in Stewart Information Services by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider's stock worth $2,006,000 after acquiring an additional 157 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings 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 worth $191,000 after purchasing an additional 170 shares during the period. Pitcairn Co. increased its position in shares of Stewart Information Services by 2.6% during the 4th quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock valued at $462,000 after purchasing an additional 174 shares during the last quarter. Blue Trust Inc. raised its holdings in 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 buying an additional 208 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after buying an additional 342 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stephens reiterated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. Keefe, Bruyette & Woods raised their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research note on Friday, February 7th. Finally, 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.

Stewart Information Services Stock Up 0.1%

Shares of STC traded up $0.07 during midday trading on Thursday, reaching $60.01. 202,584 shares of the stock were exchanged, compared to its average volume of 170,693. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The company's 50 day moving average is $65.74 and its two-hundred day moving average is $68.14. The company has a market capitalization of $1.68 billion, a P/E ratio of 23.08 and a beta of 1.01. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week 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 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The business had revenue of $608.90 million for the quarter, compared to analysts' expectations of $595.50 million. During the same period last year, the business posted $0.17 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. Stewart Information Services's dividend payout ratio is currently 76.92%.

Insider Buying and Selling at Stewart Information Services

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the acquisition, the director now owns 20,243 shares of the company's stock, valued at approximately $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

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.