New York State Teachers Retirement System Reduces Stock Holdings in Stewart Information Services Corporation (NYSE:STC)

New York State Teachers Retirement System decreased its position in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,006 shares of the insurance provider's stock after selling 4,900 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Stewart Information Services worth $2,854,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Stewart Information Services by 1.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,682,009 shares of the insurance provider's stock worth $120,600,000 after purchasing an additional 30,160 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Stewart Information Services during the first quarter worth about $218,000. Heritage Family Offices LLP increased its position in Stewart Information Services by 8.8% in the 1st quarter. Heritage Family Offices LLP now owns 3,840 shares of the insurance provider's stock valued at $274,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC raised its stake in Stewart Information Services by 9,252.7% during the 1st quarter. GAMMA Investing LLC now owns 27,684 shares of the insurance provider's stock valued at $1,975,000 after acquiring an additional 27,388 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Stewart Information Services by 21.8% during the 4th quarter. Wellington Management Group LLP now owns 60,431 shares of the insurance provider's stock worth $4,078,000 after acquiring an additional 10,801 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Activity at Stewart Information Services

In other news, Director C Allen Bradley, Jr. acquired 1,000 shares of the company's stock in a transaction that occurred 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 purchase, the director directly owned 20,243 shares of the company's stock, valued at approximately $1,207,090.09. This trade represents a 5.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STC shares. Keefe, Bruyette & Woods dropped their target price on Stewart Information Services from $75.00 to $72.00 and set a "market perform" rating on the stock in a report on Thursday. Wall Street Zen cut shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Stewart Information Services Stock Performance

NYSE:STC traded up $0.22 during mid-day trading on Friday, reaching $60.52. The stock had a trading volume of 320,267 shares, compared to its average volume of 172,598. 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 market capitalization of $1.69 billion, a price-to-earnings ratio of 23.28 and a beta of 0.99. Stewart Information Services Corporation has a twelve month low of $58.61 and a twelve month high of $78.44. The business has a 50 day simple moving average of $63.42 and a 200 day simple moving average of $65.97.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The business 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 was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. On average, analysts expect that Stewart Information Services Corporation will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. Stewart Information Services's dividend payout ratio (DPR) is presently 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.