Stewart Information Services Co. (NYSE:STC) Stake Trimmed by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,765 shares of the insurance provider's stock after selling 4,843 shares during the quarter. Hsbc Holdings PLC's holdings in Stewart Information Services were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STC. Alliancebernstein L.P. boosted its position in Stewart Information Services by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider's stock worth $2,006,000 after purchasing an additional 157 shares during the period. Summit Investment Advisors Inc. boosted its stake in Stewart Information Services by 6.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after acquiring an additional 170 shares during the last quarter. Pitcairn Co. boosted its position in shares of Stewart Information Services by 2.6% during the fourth quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock worth $462,000 after purchasing an additional 174 shares in the last quarter. Blue Trust Inc. lifted its position in Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after acquiring an additional 208 shares in the last quarter. Finally, Heritage Family Offices LLP increased its stake in Stewart Information Services by 9.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock valued at $238,000 after buying an additional 296 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Price Performance

STC traded up $0.94 during trading on Thursday, hitting $65.85. 11,778 shares of the company traded hands, compared to its average volume of 167,626. The company has a market cap of $1.83 billion, a PE ratio of 25.33 and a beta of 1.01. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock's 50-day simple moving average is $67.52 and its two-hundred day simple moving average is $68.69.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The business had revenue of $608.90 million during the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. As a group, sell-side analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.04%. Stewart Information Services's dividend payout ratio is currently 76.92%.

Analyst Ratings Changes

Several equities analysts have commented on STC shares. Stephens reissued an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price target 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.

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.