Victory Capital Management Inc. Buys 155,210 Shares of Stewart Information Services Corporation (NYSE:STC)

Victory Capital Management Inc. boosted its position in Stewart Information Services Corporation (NYSE:STC - Free Report) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 990,168 shares of the insurance provider's stock after purchasing an additional 155,210 shares during the period. Victory Capital Management Inc. owned 3.56% of Stewart Information Services worth $70,648,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of STC. Sterling Capital Management LLC increased its stake in shares of Stewart Information Services by 807.4% in the fourth 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. State of Wyoming increased its position 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 acquiring an additional 667 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Stewart Information Services by 6.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after acquiring an additional 170 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Stewart Information Services by 7.5% during the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after purchasing an additional 208 shares during the period. Finally, Montchanin Asset Management LLC acquired a new position in shares of Stewart Information Services during the fourth quarter worth $206,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen lowered Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price objective on Stewart Information Services from $75.00 to $72.00 and set a "market perform" rating on the stock in a research note on Thursday, July 10th.

Stewart Information Services Trading Down 0.6%

NYSE STC traded down $0.38 during mid-day trading on Friday, reaching $58.40. 127,236 shares of the stock were exchanged, compared to its average volume of 174,224. The stock has a market cap of $1.63 billion, a P/E ratio of 22.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.77 and a quick ratio of 1.77. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.44. The stock has a 50 day simple moving average of $62.65 and a 200-day simple moving average of $65.54.

Stewart Information Services (NYSE:STC - Get Free Report) last posted 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). Stewart Information Services had a return on equity of 6.92% and a net margin of 2.88%. 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 business posted $0.17 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. Stewart Information Services's dividend payout ratio is currently 76.92%.

Insider Activity

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of Stewart Information Services stock in a transaction on Wednesday, May 28th. The stock was acquired at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the acquisition, the director owned 20,243 shares of the company's stock, valued at $1,207,090.09. This trade represents a 5.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

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.