SG Americas Securities LLC Trims Position in Stewart Information Services Corporation (NYSE:STC)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Citizens Bank & Trust Co. purchased a new stake in Stewart Information Services during the first quarter valued at $218,000. Heritage Family Offices LLP increased its holdings in shares of 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 worth $274,000 after buying an additional 310 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 buying an additional 27,388 shares in the last quarter. Wellington Management Group LLP raised its position in shares of 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 valued at $4,078,000 after buying an additional 10,801 shares in the last quarter. Finally, Montchanin Asset Management LLC bought a new position in shares of Stewart Information Services in the 4th quarter valued at about $206,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Stewart Information Services Trading Down 2.3%

STC traded down $1.48 during trading on Wednesday, reaching $64.15. The company had a trading volume of 105,330 shares, compared to its average volume of 171,464. 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 business has a 50 day simple moving average of $63.47 and a 200-day simple moving average of $66.55. The stock has a market cap of $1.79 billion, a P/E ratio of 24.67 and a beta of 0.98. Stewart Information Services Corporation has a 52 week low of $58.61 and a 52 week high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last released its 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 6.92% and a net margin of 2.88%. The firm had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same quarter last year, the business posted $0.17 EPS. Stewart Information Services's revenue was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.12%. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. purchased 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, with a total value of $59,630.00. Following the purchase, the director now owns 20,243 shares of the company's stock, valued at approximately $1,207,090.09. The trade was a 5.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.78% of the company's stock.

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.