Meeder Asset Management Inc. Has $896,000 Stock Holdings in Stewart Information Services Corporation (NYSE:STC)

Meeder Asset Management Inc. lifted its holdings in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 125.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,559 shares of the insurance provider's stock after acquiring an additional 6,980 shares during the quarter. Meeder Asset Management Inc.'s holdings in Stewart Information Services were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital International Investors bought a new stake in shares of Stewart Information Services in the 4th quarter worth about $15,890,000. Victory Capital Management Inc. increased its position in shares of Stewart Information Services by 18.6% in the 1st quarter. Victory Capital Management Inc. now owns 990,168 shares of the insurance provider's stock worth $70,648,000 after purchasing an additional 155,210 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Stewart Information Services in the 4th quarter worth about $4,034,000. Teacher Retirement System of Texas grew its position 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 buying an additional 53,282 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Stewart Information Services by 93.7% during the 4th quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock valued at $6,992,000 after buying an additional 50,113 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Stewart Information Services Price Performance

STC stock traded up $0.68 on Friday, hitting $65.61. 280,012 shares of the company's stock traded hands, compared to its average volume of 250,989. Stewart Information Services Corporation has a 1-year low of $56.39 and a 1-year high of $78.44. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 21.09 and a beta of 0.91. The stock has a fifty day moving average of $62.53 and a 200-day moving average of $65.54. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.31.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings results 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. Stewart Information Services had a net margin of 3.29% and a return on equity of 7.71%. The business had revenue of $721.50 million for the quarter, compared to analyst estimates of $671.90 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm's revenue was up 19.9% compared to the same quarter last year. On average, analysts forecast that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 16th. Stewart Information Services's dividend payout ratio is currently 64.31%.

Insider Buying and Selling

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of Stewart Information Services stock in a transaction on Wednesday, May 28th. The stock was purchased at an average cost of $59.63 per share, with a total value of $59,630.00. Following the acquisition, the director directly owned 20,243 shares in the company, valued at approximately $1,207,090.09. This trade represents a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David C. Hisey sold 2,224 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $64.39, for a total transaction of $143,203.36. Following the completion of the sale, the chief financial officer directly owned 58,359 shares of the company's stock, valued at approximately $3,757,736.01. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STC. Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods upped their price target on shares of Stewart Information Services from $72.00 to $73.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th.

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.