Stewart Information Services Co. (NYSE:STC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the last quarter. Sterling Capital Management LLC boosted its stake in 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 buying an additional 759 shares in the last quarter. State of Wyoming lifted its holdings in shares of Stewart Information Services by 84.0% in the 4th quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock worth $99,000 after acquiring an additional 667 shares during the last quarter. KBC Group NV grew its holdings 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 valued at $104,000 after purchasing an additional 572 shares during the last quarter. Finally, Blue Trust Inc. raised its position 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 worth $182,000 after purchasing an additional 208 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Stewart Information Services Trading Up 0.9%

Shares of NYSE:STC traded up $0.55 during trading hours on Friday, hitting $61.40. 83,963 shares of the company's stock traded hands, compared to its average volume of 171,441. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44. The business has a fifty day moving average price of $64.38 and a 200-day moving average price of $67.59. The firm has a market capitalization of $1.71 billion, a P/E ratio of 23.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS 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 business had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period last year, the firm earned $0.17 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.26%. Stewart Information Services's dividend payout ratio is presently 76.92%.

Insider Activity at Stewart Information Services

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $59.63 per share, for a total transaction of $59,630.00. Following the acquisition, the director now directly 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on STC shares. Keefe, Bruyette & Woods raised their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Wall Street Zen cut shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

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.