New York State Teachers Retirement System Has $2.85 Million Stake in Stewart Information Services Corporation (NYSE:STC)

New York State Teachers Retirement System trimmed its holdings in Stewart Information Services Corporation (NYSE:STC - Free Report) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,006 shares of the insurance provider's stock after selling 4,900 shares during the period. New York State Teachers Retirement System owned 0.14% of Stewart Information Services worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STC. Alliancebernstein L.P. increased its stake in Stewart Information Services by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider's stock valued at $2,006,000 after acquiring an additional 157 shares during the last quarter. Summit Investment Advisors Inc. increased its stake 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 valued at $191,000 after acquiring an additional 170 shares during the last quarter. Pitcairn Co. increased its stake in Stewart Information Services by 2.6% in the fourth quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock valued at $462,000 after acquiring an additional 174 shares during the last quarter. Vident Advisory LLC increased its stake 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 valued at $201,000 after acquiring an additional 208 shares during the last quarter. Finally, Heritage Family Offices LLP increased its stake in Stewart Information Services by 8.8% in the first 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 last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, 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 Price Performance

Shares of NYSE STC traded up $0.30 during midday trading on Wednesday, reaching $64.91. 4,944 shares of the company were exchanged, compared to its average volume of 170,045. The stock's 50-day moving average price is $63.52 and its 200-day moving average price is $66.04. The stock has a market cap of $1.81 billion, a P/E ratio of 24.97 and a beta of 0.99. Stewart Information Services Corporation has a one year low of $58.61 and a one year high of $78.44. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.92% and a net margin of 2.88%. The business had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period in the prior year, the firm earned $0.17 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Stewart Information Services Corporation will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.08%. Stewart Information Services's dividend payout ratio is 76.92%.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. acquired 1,000 shares of Stewart Information Services stock in a transaction that occurred on Wednesday, May 28th. The shares were bought 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 2.78% of the stock is currently owned by corporate insiders.

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.