Trust Point Inc. Sells 4,505 Shares of Stewart Information Services Corporation (NYSE:STC)

Trust Point Inc. lowered its position in Stewart Information Services Corporation (NYSE:STC - Free Report) by 56.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,415 shares of the insurance provider's stock after selling 4,505 shares during the period. Trust Point Inc.'s holdings in Stewart Information Services were worth $244,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STC. First Citizens Bank & Trust Co. purchased a new position in Stewart Information Services in the first quarter worth $218,000. Heritage Family Offices LLP boosted its position in shares of Stewart Information Services by 8.8% in the 1st quarter. Heritage Family Offices LLP now owns 3,840 shares of the insurance provider's stock worth $274,000 after purchasing an additional 310 shares in the last quarter. GAMMA Investing LLC grew its stake in Stewart Information Services by 9,252.7% during the 1st quarter. GAMMA Investing LLC now owns 27,684 shares of the insurance provider's stock worth $1,975,000 after buying an additional 27,388 shares during the last quarter. Wellington Management Group LLP grew its stake in Stewart Information Services by 21.8% during the 4th quarter. Wellington Management Group LLP now owns 60,431 shares of the insurance provider's stock worth $4,078,000 after buying an additional 10,801 shares during the last quarter. Finally, Montchanin Asset Management LLC acquired a new position in Stewart Information Services during the 4th quarter valued at about $206,000. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. acquired 1,000 shares of the firm's 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 purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.78% of the stock is owned by insiders.

Stewart Information Services Trading Down 1.7%

NYSE:STC opened at $60.12 on Wednesday. The company has a market capitalization of $1.68 billion, a P/E ratio of 23.12 and a beta of 0.98. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.32. Stewart Information Services Corporation has a 12 month low of $58.61 and a 12 month high of $78.44. The firm has a fifty day simple moving average of $63.71 and a 200-day simple moving average of $66.96.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its earnings results 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). The firm had revenue of $608.90 million during the quarter, compared to analysts' expectations of $595.50 million. Stewart Information Services had a return on equity of 6.92% and a net margin of 2.88%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. On average, equities research analysts anticipate that Stewart Information Services Corporation 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 will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. Stewart Information Services's dividend payout ratio is currently 76.92%.

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.

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