Deutsche Bank AG Increases Position in Stewart Information Services Co. (NYSE:STC)

Deutsche Bank AG grew its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,233 shares of the insurance provider's stock after buying an additional 8,284 shares during the quarter. Deutsche Bank AG owned 0.08% of Stewart Information Services worth $1,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of STC. KLP Kapitalforvaltning AS bought a new stake in shares of Stewart Information Services in the 4th quarter worth approximately $385,000. Principal Financial Group Inc. raised its holdings in shares of Stewart Information Services by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock worth $9,070,000 after purchasing an additional 3,938 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Stewart Information Services in the 4th quarter worth approximately $749,000. SG Americas Securities LLC raised its holdings in shares of Stewart Information Services by 205.6% in the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock worth $911,000 after purchasing an additional 9,077 shares during the period. Finally, Barclays PLC raised its holdings in shares of Stewart Information Services by 337.0% in the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after purchasing an additional 35,088 shares during the period. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Stewart Information Services Stock Performance

STC stock traded up $0.85 during midday trading on Tuesday, reaching $61.59. 358,814 shares of the company's stock traded hands, compared to its average volume of 169,731. The company has a 50-day moving average price of $66.37 and a two-hundred day moving average price of $68.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The firm has a market capitalization of $1.72 billion, a PE ratio of 23.69 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly 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). The firm had revenue of $608.90 million for the quarter, compared to analysts' expectations of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. As a group, equities analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. Stewart Information Services's dividend payout ratio (DPR) 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.