Jane Street Group LLC Has $483,000 Stock Position in Stewart Information Services Co. (NYSE:STC)

Jane Street Group LLC cut its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 51.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,153 shares of the insurance provider's stock after selling 7,569 shares during the quarter. Jane Street Group LLC's holdings in Stewart Information Services were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 342 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of 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 buying an additional 759 shares during the period. KBC Group NV boosted its stake in shares of Stewart Information Services by 58.7% in the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after buying an additional 572 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Stewart Information Services by 9.3% in the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after buying an additional 208 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of 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 worth $191,000 after acquiring an additional 170 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. bought 1,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the transaction, the director now owns 20,243 shares in the company, valued at approximately $1,207,090.09. The trade was a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. 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 report on Friday, February 7th. Stephens reaffirmed an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Stewart Information Services Price Performance

Stewart Information Services stock traded up $0.21 during mid-day trading on Friday, hitting $60.39. The company's stock had a trading volume of 296,418 shares, compared to its average volume of 170,651. Stewart Information Services Co. has a twelve month low of $58.61 and a twelve month high of $78.44. The stock's fifty day moving average price is $65.51 and its two-hundred day moving average price is $68.02. The stock has a market capitalization of $1.69 billion, a P/E ratio of 23.23 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $595.50 million. During the same period in the previous year, the business posted $0.17 EPS. Stewart Information Services's revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts forecast that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Stewart Information Services's payout ratio is presently 76.92%.

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.