Nuveen Asset Management LLC Lowers Holdings in Stewart Information Services Co. (NYSE:STC)

Nuveen Asset Management LLC decreased its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,688 shares of the insurance provider's stock after selling 103,928 shares during the quarter. Nuveen Asset Management LLC owned about 1.13% of Stewart Information Services worth $21,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares in the last quarter. Sterling Capital Management LLC grew its stake in Stewart Information Services by 807.4% in the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock valued at $58,000 after purchasing an additional 759 shares during the period. KBC Group NV grew its stake in Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after purchasing an additional 572 shares during the period. Blue Trust Inc. grew its stake in Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after purchasing an additional 208 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in shares of Stewart Information Services by 6.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after buying an additional 170 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Stewart Information Services Trading Up 1.4%

STC traded up $0.85 on Tuesday, hitting $61.59. 358,814 shares of the company were exchanged, compared to its average volume of 169,731. The firm has a fifty day simple moving average of $66.37 and a two-hundred day simple moving average of $68.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44. The stock has a market capitalization of $1.72 billion, a PE ratio of 23.69 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (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 for the quarter, compared to the consensus estimate of $595.50 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. Stewart Information Services's revenue was up 10.4% compared to the same quarter last year. Sell-side analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stephens reissued an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Wall Street Zen lowered Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Friday, February 7th.

Stewart Information Services Company 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.