Sherbrooke Park Advisers LLC acquired a new position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,651 shares of the insurance provider's stock, valued at approximately $314,000.
Several other large investors have also recently added to or reduced their stakes in STC. Barclays PLC increased its position in Stewart Information Services by 337.0% during the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after buying an additional 35,088 shares during the period. SG Americas Securities LLC increased its position in Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock worth $911,000 after buying an additional 9,077 shares during the period. Blue Trust Inc. increased its position in Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after buying an additional 208 shares during the period. KBC Group NV increased its position in 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 buying an additional 572 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Stewart Information Services by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider's stock worth $108,741,000 after buying an additional 10,132 shares during the period. Institutional investors own 96.90% of the company's stock.
Analyst Ratings Changes
STC has been the topic of a number of recent analyst reports. Stephens restated an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. Keefe, Bruyette & Woods raised their price target 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. Finally, Wall Street Zen cut Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.
Get Our Latest Stock Analysis on STC
Stewart Information Services Price Performance
Shares of NYSE STC traded down $0.16 during mid-day trading on Friday, reaching $60.66. The company had a trading volume of 179,176 shares, compared to its average volume of 168,972. 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 one year low of $58.61 and a one year high of $78.44. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 23.33 and a beta of 1.01. The business's 50-day simple moving average is $66.57 and its 200 day simple moving average is $68.43.
Stewart Information Services (NYSE:STC - Get Free Report) last released 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). The business had revenue of $608.90 million during the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, research analysts predict that Stewart Information Services Co. 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, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.
About Stewart Information Services
(
Free Report)
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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