GAMMA Investing LLC Acquires 27,388 Shares of Stewart Information Services Co. (NYSE:STC)

GAMMA Investing LLC lifted its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 9,252.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,684 shares of the insurance provider's stock after purchasing an additional 27,388 shares during the quarter. GAMMA Investing LLC owned about 0.10% of Stewart Information Services worth $1,975,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Stewart Information Services by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares in the last quarter. Sterling Capital Management LLC grew its position in Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after acquiring an additional 759 shares in the last quarter. State of Wyoming grew its position in Stewart Information Services by 84.0% in the fourth quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock worth $99,000 after acquiring an additional 667 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Stewart Information Services by 6.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock worth $191,000 after acquiring an additional 170 shares in the last quarter. Finally, Vident Advisory LLC grew its position 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. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

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.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. bought 1,000 shares of the business's stock in a transaction on 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 purchase, the director now owns 20,243 shares in the company, valued at approximately $1,207,090.09. This trade represents a 5.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Stewart Information Services Stock Performance

Shares of NYSE:STC opened at $62.76 on Friday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 24.14 and a beta of 0.98. The company has a 50-day moving average price of $63.90 and a 200-day moving average price of $67.22. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The company had revenue of $608.90 million during the quarter, compared to analysts' expectations of $595.50 million. During the same quarter last year, the business earned $0.17 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, June 16th. Stewart Information Services's dividend payout ratio is 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.

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