First Citizens Bank & Trust Co. Has $597,000 Stake in Stewart Information Services Corporation $STC

First Citizens Bank & Trust Co. raised its holdings in Stewart Information Services Corporation (NYSE:STC - Free Report) by 200.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,177 shares of the insurance provider's stock after acquiring an additional 6,127 shares during the period. First Citizens Bank & Trust Co.'s holdings in Stewart Information Services were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Stewart Information Services by 2,735.8% in the second quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider's stock valued at $98,000 after acquiring an additional 1,450 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Stewart Information Services by 44,842.9% during the first quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider's stock worth $224,000 after buying an additional 3,139 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of Stewart Information Services during the first quarter worth about $227,000. Nisa Investment Advisors LLC boosted its position in shares of Stewart Information Services by 13.4% during the first quarter. Nisa Investment Advisors LLC now owns 3,533 shares of the insurance provider's stock worth $252,000 after buying an additional 418 shares during the period. Finally, Pinnacle Financial Partners Inc acquired a new position in shares of Stewart Information Services during the first quarter worth about $283,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STC has been the subject of several recent research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stewart Information Services in a research report on Friday. Wall Street Zen raised Stewart Information Services from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. Finally, Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $72.00 to $73.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.50.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, insider Brad Rable sold 5,694 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $65.32, for a total value of $371,932.08. Following the sale, the insider owned 23,872 shares of the company's stock, valued at approximately $1,559,319.04. This trade represents a 19.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

Stewart Information Services Price Performance

Shares of NYSE STC opened at $74.59 on Friday. The firm has a market cap of $2.09 billion, a P/E ratio of 20.78 and a beta of 0.96. The company has a current ratio of 1.77, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Stewart Information Services Corporation has a 1-year low of $56.39 and a 1-year high of $78.44. The business's 50 day moving average is $72.29 and its 200-day moving average is $66.98.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The insurance provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.22. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.The firm had revenue of $791.30 million for the quarter, compared to analyst estimates of $737.30 million. During the same quarter last year, the company earned $1.07 EPS. The company's revenue was up 19.3% on a year-over-year basis. Equities research analysts predict that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.525 per share. This is a boost from Stewart Information Services's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, September 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Stewart Information Services's dividend payout ratio is 58.50%.

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.

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