Sherbrooke Park Advisers LLC Takes $314,000 Position in Stewart Information Services Co. (NYSE:STC)

Sherbrooke Park Advisers LLC purchased a new position in Stewart Information Services Co. (NYSE:STC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,651 shares of the insurance provider's stock, valued at approximately $314,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after acquiring an additional 759 shares during the period. KBC Group NV raised its position in shares of Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after purchasing an additional 572 shares during the last quarter. Blue Trust Inc. raised its holdings 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 acquiring an additional 208 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in Stewart Information Services by 6.4% in the 4th 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. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on STC shares. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their price objective on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th.

Stewart Information Services Trading Down 4.0%

Shares of NYSE:STC traded down $2.62 during mid-day trading on Wednesday, reaching $62.02. 264,086 shares of the company were exchanged, compared to its average volume of 168,696. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 23.85 and a beta of 1.01. The firm's 50-day simple moving average is $66.98 and its 200 day simple moving average is $68.56. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last posted 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). 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 analysts' expectations of $595.50 million. During the same period in the previous year, the business posted $0.17 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.

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.