SG Americas Securities LLC Lowers Holdings in Stewart Information Services Corporation (NYSE:STC)

SG Americas Securities LLC trimmed its holdings in Stewart Information Services Corporation (NYSE:STC - Free Report) by 36.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 8,619 shares of the insurance provider's stock after selling 4,873 shares during the period. SG Americas Securities LLC's holdings in Stewart Information Services were worth $615,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in STC. Capital International Investors purchased a new position in Stewart Information Services in the fourth quarter worth approximately $15,890,000. Raymond James Financial Inc. purchased a new position in Stewart Information Services in the fourth quarter worth approximately $4,034,000. JPMorgan Chase & Co. grew its position in Stewart Information Services by 93.7% in the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock worth $6,992,000 after acquiring an additional 50,113 shares during the period. AXA S.A. acquired a new position in Stewart Information Services during the fourth quarter worth $2,643,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Stewart Information Services by 12.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider's stock worth $19,759,000 after purchasing an additional 32,638 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Insider Activity at Stewart Information Services

In related news, Director C Allen Bradley, Jr. bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Stewart Information Services Stock Up 0.9%

NYSE:STC opened at $62.85 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average is $63.50 and its two-hundred day moving average is $66.68. Stewart Information Services Corporation has a 52 week low of $58.61 and a 52 week high of $78.44. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.17 and a beta of 0.98.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The firm 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 firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. Research analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.

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.

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