Stewart Information Services Co. (NYSE:STC) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,431 shares of the insurance provider's stock after purchasing an additional 10,801 shares during the quarter. Wellington Management Group LLP owned about 0.22% of Stewart Information Services worth $4,078,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in Stewart Information Services in the 4th quarter valued at approximately $385,000. Deutsche Bank AG boosted its stake in shares of Stewart Information Services by 55.4% in the fourth quarter. Deutsche Bank AG now owns 23,233 shares of the insurance provider's stock valued at $1,568,000 after buying an additional 8,284 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Stewart Information Services by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock worth $9,070,000 after acquiring an additional 3,938 shares during the period. Proficio Capital Partners LLC purchased a new position in Stewart Information Services in the fourth quarter worth $749,000. Finally, Bank of America Corp DE raised its position in Stewart Information Services by 4.1% in the fourth quarter. Bank of America Corp DE now owns 316,444 shares of the insurance provider's stock worth $21,357,000 after acquiring an additional 12,455 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Price Performance

STC traded up $0.55 during trading on Friday, reaching $61.40. 83,963 shares of the stock were exchanged, compared to its average volume of 171,321. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 23.62 and a beta of 0.98. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44. The business's 50 day moving average price is $64.59 and its two-hundred day moving average price is $67.71.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS 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 analysts' expectations of $595.50 million. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Stewart Information Services's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. As a group, equities research analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STC shares. Stephens restated an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Finally, Wall Street Zen lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

Insider Buying and Selling

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the acquisition, the director now owns 20,243 shares in the company, valued at approximately $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. Insiders own 2.78% of the company's stock.

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.