Trust Point Inc. Lowers Stock Holdings in Stewart Information Services Corporation (NYSE:STC)

Trust Point Inc. reduced its stake in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 56.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in shares of Stewart Information Services by 0.5% during the 4th 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 during the period. Summit Investment Advisors Inc. boosted its holdings in 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 buying an additional 170 shares during the period. Pitcairn Co. raised its holdings in 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 acquiring an additional 174 shares during the period. Vident Advisory LLC raised its holdings in 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 acquiring an additional 208 shares during the period. Finally, Heritage Family Offices LLP lifted its position in shares of Stewart Information Services by 8.8% during the first quarter. Heritage Family Offices LLP now owns 3,840 shares of the insurance provider's stock worth $274,000 after acquiring an additional 310 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Stewart Information Services Price Performance

NYSE:STC traded up $0.53 during mid-day trading on Friday, hitting $62.85. 290,609 shares of the stock traded hands, compared to its average volume of 172,089. Stewart Information Services Corporation has a 12-month low of $58.61 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 company has a market cap of $1.75 billion, a PE ratio of 24.17 and a beta of 0.98. The business's 50-day moving average price is $63.50 and its 200 day moving average price is $66.68.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (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 firm had revenue of $608.90 million during the quarter, compared to analysts' expectations of $595.50 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, June 16th. Stewart Information Services's dividend payout ratio is presently 76.92%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of the stock in a transaction on 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 purchase, the director now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.