UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 11,528 Shares of Stewart Information Services Co. (NYSE:STC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,599 shares of the insurance provider's stock after purchasing an additional 11,528 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Stewart Information Services worth $5,237,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Stewart Information Services by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after buying an additional 342 shares during the last quarter. Sterling Capital Management LLC boosted its holdings 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. State of Wyoming boosted its holdings in Stewart Information Services by 84.0% in the 4th quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock valued at $99,000 after purchasing an additional 667 shares during the period. KBC Group NV boosted its holdings 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. Finally, Blue Trust Inc. boosted 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 purchasing an additional 208 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Stock Performance

Shares of STC stock traded up $0.51 on Thursday, hitting $60.63. 218,811 shares of the stock were exchanged, compared to its average volume of 171,484. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.69 billion, a PE ratio of 23.32 and a beta of 0.98. Stewart Information Services Co. has a one year low of $58.61 and a one year high of $78.44. The firm's 50 day moving average is $64.80 and its two-hundred day moving average is $67.79.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The business had revenue of $608.90 million for the quarter, compared to the consensus estimate 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 revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Sell-side analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.30%. Stewart Information Services's payout ratio is currently 76.92%.

Insider Activity

In related news, Director C Allen Bradley, Jr. bought 1,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average cost of $59.63 per share, with a total value of $59,630.00. Following the completion of the acquisition, the director now owns 20,243 shares of the company's stock, valued at $1,207,090.09. The trade was a 5.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.78% of the company's stock.

Analyst Ratings Changes

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

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.