Wellington Management Group LLP Buys 10,801 Shares of Stewart Information Services Co. (NYSE:STC)

Wellington Management Group LLP grew its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,431 shares of the insurance provider's stock after buying an additional 10,801 shares during the quarter. Wellington Management Group LLP owned 0.22% of Stewart Information Services worth $4,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after purchasing an additional 759 shares during the last quarter. State of Wyoming boosted its holdings in Stewart Information Services by 84.0% in the fourth quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock worth $99,000 after purchasing an additional 667 shares during the last quarter. KBC Group NV grew its position in Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after purchasing an additional 572 shares during the period. Finally, Blue Trust Inc. raised its stake in Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 related 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 purchased at an average price of $59.63 per share, with a total value of $59,630.00. Following the completion of the purchase, the director now directly owns 20,243 shares of the company's stock, valued at $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.78% of the stock is owned by company insiders.

Stewart Information Services Stock Performance

Shares of NYSE:STC traded up $0.55 during trading on Friday, hitting $61.40. The company's stock had a trading volume of 83,963 shares, compared to its average volume of 171,854. 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 firm has a market cap of $1.71 billion, a price-to-earnings ratio of 23.62 and a beta of 0.98. The company has a 50-day moving average of $64.38 and a 200-day moving average of $67.55. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The business had revenue of $608.90 million for the quarter, compared to analysts' expectations of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, sell-side analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. Stewart Information Services's dividend payout ratio is currently 76.92%.

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.