Hsbc Holdings PLC Lowers Position in Stewart Information Services Co. (NYSE:STC)

Hsbc Holdings PLC trimmed its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 50.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors bought a new position in Stewart Information Services in the fourth quarter valued at about $15,890,000. Raymond James Financial Inc. bought a new stake in Stewart Information Services in the 4th quarter worth approximately $4,034,000. JPMorgan Chase & Co. increased its position in shares of Stewart Information Services by 93.7% in the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock valued at $6,992,000 after acquiring an additional 50,113 shares during the period. Barclays PLC boosted its position in shares of Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock valued at $3,400,000 after purchasing an additional 35,088 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Stewart Information Services by 12.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider's stock worth $19,759,000 after buying an additional 32,638 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Stock Up 0.8%

NYSE STC traded up $0.52 during mid-day trading on Tuesday, reaching $65.25. 134,733 shares of the company's stock traded hands, compared to its average volume of 168,197. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 25.10 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 fifty day simple moving average of $67.59 and a 200-day simple moving average of $68.72. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC - Get Free Report) last issued 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 firm had revenue of $608.90 million during 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 business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. As a group, equities research analysts expect that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. Stewart Information Services's dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Stephens reiterated an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their target price on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research 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.