GAMMA Investing LLC increased its position in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 9,252.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,684 shares of the insurance provider's stock after acquiring an additional 27,388 shares during the quarter. GAMMA Investing LLC owned about 0.10% of Stewart Information Services worth $1,975,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Stewart Information Services by 21.8% during the fourth quarter. Wellington Management Group LLP now owns 60,431 shares of the insurance provider's stock worth $4,078,000 after purchasing an additional 10,801 shares in the last quarter. Montchanin Asset Management LLC acquired a new position in Stewart Information Services during the 4th quarter valued at about $206,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Stewart Information Services by 17.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,599 shares of the insurance provider's stock valued at $5,237,000 after buying an additional 11,528 shares during the last quarter. Vident Advisory LLC boosted its holdings in Stewart Information Services by 7.5% in the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after acquiring an additional 208 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Stewart Information Services during the fourth quarter worth about $931,000. Hedge funds and other institutional investors own 96.90% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.
Check Out Our Latest Research Report on Stewart Information Services
Stewart Information Services Stock Performance
STC stock traded down $1.02 during midday trading on Tuesday, reaching $60.12. The stock had a trading volume of 258,891 shares, compared to its average volume of 171,949. 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 simple moving average of $63.71 and a two-hundred day simple moving average of $66.96. The stock has a market cap of $1.68 billion, a PE ratio of 23.12 and a beta of 0.98. Stewart Information Services Corporation 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 released 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). The firm had revenue of $608.90 million for the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a return on equity of 6.92% and a net margin of 2.88%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. As a group, equities research analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current year.
Stewart Information Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, June 16th. Stewart Information Services's dividend payout ratio (DPR) is currently 76.92%.
Insider Transactions at Stewart Information Services
In other Stewart Information Services news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $59.63 per share, with a total value of $59,630.00. Following the completion of the acquisition, the director now owns 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.78% of the company's stock.
About Stewart Information Services
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Free Report)
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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