Two Sigma Investments LP Has $251,000 Holdings in Stewart Information Services Co. (NYSE:STC)

Two Sigma Investments LP cut its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 55.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,712 shares of the insurance provider's stock after selling 4,597 shares during the quarter. Two Sigma Investments LP's holdings in Stewart Information Services were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in Stewart Information Services in the 4th quarter worth approximately $385,000. Deutsche Bank AG raised its holdings in Stewart Information Services by 55.4% in the 4th quarter. Deutsche Bank AG now owns 23,233 shares of the insurance provider's stock worth $1,568,000 after acquiring an additional 8,284 shares during the period. Principal Financial Group Inc. boosted its holdings in Stewart Information Services by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock valued at $9,070,000 after acquiring an additional 3,938 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Stewart Information Services during the 4th quarter worth about $749,000. Finally, Bank of America Corp DE grew its holdings in Stewart Information Services by 4.1% in the 4th quarter. Bank of America Corp DE now owns 316,444 shares of the insurance provider's stock valued at $21,357,000 after buying an additional 12,455 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Price Performance

Shares of NYSE STC traded up $1.33 during midday trading on Thursday, reaching $64.32. 126,599 shares of the company traded hands, compared to its average volume of 170,877. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The stock's 50-day simple moving average is $63.92 and its 200-day simple moving average is $67.39. The firm has a market cap of $1.80 billion, a PE ratio of 24.74 and a beta of 0.98.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly 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 net margin of 2.94% and a return on equity of 6.81%. The firm had revenue of $608.90 million for the quarter, compared to the consensus estimate of $595.50 million. During the same period in the prior year, the business earned $0.17 earnings per share. The company's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Monday, June 16th. Stewart Information Services's dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

Insider Activity

In other news, Director C Allen Bradley, Jr. acquired 1,000 shares of Stewart Information Services stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average price of $59.63 per share, with a total value of $59,630.00. Following the purchase, the director now directly owns 20,243 shares of the company's stock, valued at $1,207,090.09. The trade was a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Stewart Information Services Company 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.