Stewart Information Services Corporation (NYSE:STC) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its holdings in Stewart Information Services Corporation (NYSE:STC - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,685 shares of the insurance provider's stock after selling 11,481 shares during the quarter. Stewart Information Services comprises approximately 2.0% of Tributary Capital Management LLC's portfolio, making the stock its 12th biggest position. Tributary Capital Management LLC owned 1.14% of Stewart Information Services worth $22,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in shares of Stewart Information Services by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider's stock valued at $2,006,000 after acquiring an additional 157 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Stewart Information Services by 6.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after buying an additional 170 shares in the last quarter. Pitcairn Co. lifted its position in shares of Stewart Information Services by 2.6% during the 4th quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock valued at $462,000 after buying an additional 174 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Stewart Information Services by 7.5% during the 4th quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock valued at $201,000 after buying an additional 208 shares in the last quarter. Finally, Heritage Family Offices LLP raised its stake in Stewart Information Services by 8.8% during the 1st quarter. Heritage Family Offices LLP now owns 3,840 shares of the insurance provider's stock valued at $274,000 after purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Stewart Information Services Trading Down 0.6%

NYSE:STC traded down $0.38 on Friday, reaching $58.40. The company's stock had a trading volume of 127,236 shares, compared to its average volume of 174,272. Stewart Information Services Corporation has a 12-month low of $56.39 and a 12-month 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 has a market cap of $1.63 billion, a price-to-earnings ratio of 22.46 and a beta of 0.99. The stock has a 50 day moving average price of $62.65 and a 200 day moving average price of $65.52.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS 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 company 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 firm earned $0.17 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

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

Insider Activity

In other Stewart Information Services news, Director C Allen Bradley, Jr. acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average price of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the acquisition, the director directly owned 20,243 shares of the company's stock, valued at $1,207,090.09. This trade represents a 5.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on STC shares. Wall Street Zen downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on Stewart Information Services from $75.00 to $72.00 and set a "market perform" rating for the company in a report on Thursday, July 10th.

About Stewart Information Services

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.