Teacher Retirement System of Texas Has $4.80 Million Stock Position in Stewart Information Services Corporation (NYSE:STC)

Teacher Retirement System of Texas raised its stake in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 381.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,255 shares of the insurance provider's stock after buying an additional 53,282 shares during the quarter. Teacher Retirement System of Texas owned about 0.24% of Stewart Information Services worth $4,799,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Stewart Information Services by 1.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,682,009 shares of the insurance provider's stock valued at $120,600,000 after purchasing an additional 30,160 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Stewart Information Services by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 542,367 shares of the insurance provider's stock worth $36,604,000 after purchasing an additional 5,748 shares in the last quarter. Invesco Ltd. raised its stake in shares of Stewart Information Services by 6.2% during the 4th quarter. Invesco Ltd. now owns 352,477 shares of the insurance provider's stock worth $23,789,000 after purchasing an additional 20,465 shares in the last quarter. Bank of America Corp DE raised its stake 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 acquiring an additional 12,455 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Stewart Information Services by 10.9% in the 4th quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider's stock valued at $20,205,000 after acquiring an additional 29,496 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director C Allen Bradley, Jr. acquired 1,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the transaction, the director directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.78% of the company's stock.

Stewart Information Services Price Performance

Shares of STC traded down $0.69 during trading hours on Tuesday, hitting $64.64. 152,481 shares of the company were exchanged, compared to its average volume of 178,500. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 24.86 and a beta of 0.99. Stewart Information Services Corporation has a fifty-two week low of $58.61 and a fifty-two week high of $78.44. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.32. The firm's fifty day moving average is $63.53 and its 200 day moving average is $66.05.

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 for the quarter, missing the consensus estimate of $0.34 by ($0.09). The business had revenue of $608.90 million during the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a net margin of 2.88% and a return on equity of 6.92%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, equities analysts anticipate that Stewart Information Services Corporation will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.09%. Stewart Information Services's dividend payout ratio is presently 76.92%.

Analysts Set New Price Targets

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

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.