Fuller & Thaler Asset Management Inc. Sells 35,253 Shares of Stewart Information Services Corporation $STC

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Stewart Information Services by 8.9%, selling 35,253 shares and retaining approximately 361,752 shares valued at $25.8 million.
• Stewart Information Services recently reported a quarterly earnings per share (EPS) of $1.34, surpassing expectations and driving a 19.9% year-over-year revenue increase.
• Research analysts have increased their price targets for Stewart Information Services, with a consensus rating of "Moderate Buy" and an average price target of $77.50.

Fuller & Thaler Asset Management Inc. trimmed its holdings in Stewart Information Services Corporation (NYSE:STC - Free Report) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 361,752 shares of the insurance provider's stock after selling 35,253 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.30% of Stewart Information Services worth $25,811,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STC. Nuveen LLC bought a new stake in Stewart Information Services in the 1st quarter worth about $12,698,000. Victory Capital Management Inc. grew its stake in shares of Stewart Information Services by 18.6% during the 1st quarter. Victory Capital Management Inc. now owns 990,168 shares of the insurance provider's stock valued at $70,648,000 after purchasing an additional 155,210 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Stewart Information Services during the 4th quarter valued at about $4,034,000. Wellington Management Group LLP grew its stake in shares of Stewart Information Services by 89.1% during the 1st quarter. Wellington Management Group LLP now owns 114,291 shares of the insurance provider's stock valued at $8,155,000 after purchasing an additional 53,860 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Stewart Information Services by 381.3% during the 1st quarter. Teacher Retirement System of Texas now owns 67,255 shares of the insurance provider's stock valued at $4,799,000 after purchasing an additional 53,282 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, CFO David C. Hisey sold 2,224 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $64.39, for a total value of $143,203.36. Following the completion of the transaction, the chief financial officer directly owned 58,359 shares in the company, valued at $3,757,736.01. This represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director C Allen Bradley, Jr. purchased 1,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was acquired at an average price 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 $1,207,090.09. This trade represents a 5.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.78% of the stock is currently owned by corporate insiders.

Stewart Information Services Trading Up 1.3%

Shares of NYSE:STC opened at $70.7760 on Wednesday. The stock has a 50 day moving average of $64.60 and a 200 day moving average of $65.92. The company has a market cap of $1.98 billion, a PE ratio of 22.76 and a beta of 0.91. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31. Stewart Information Services Corporation has a 12-month low of $56.39 and a 12-month high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.04. The company had revenue of $721.50 million during the quarter, compared to the consensus estimate of $671.90 million. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%.The firm's revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. As a group, equities research analysts expect that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. Stewart Information Services's payout ratio is 64.31%.

Analysts Set New Price Targets

A number of research firms have issued reports on STC. Wall Street Zen upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Saturday. Keefe, Bruyette & Woods boosted their price target on Stewart Information Services from $72.00 to $73.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.50.

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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