Invesco Ltd. Raises Position in Stewart Information Services Co. (NYSE:STC)

Invesco Ltd. grew its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 352,477 shares of the insurance provider's stock after buying an additional 20,465 shares during the quarter. Invesco Ltd. owned 1.27% of Stewart Information Services worth $23,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Stewart Information Services by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider's stock valued at $108,741,000 after buying an additional 10,132 shares during the last quarter. Geode Capital Management LLC increased its stake in Stewart Information Services by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider's stock worth $47,151,000 after acquiring an additional 8,597 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Stewart Information Services by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 542,367 shares of the insurance provider's stock worth $36,604,000 after acquiring an additional 5,748 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Stewart Information Services by 10.9% during the 4th quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider's stock worth $20,205,000 after acquiring an additional 29,496 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Stewart Information Services by 3.0% in the 4th 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 in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on STC shares. Keefe, Bruyette & Woods raised their price target on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th. Finally, Stephens reiterated an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th.

Stewart Information Services Trading Down 1.6 %

Shares of Stewart Information Services stock traded down $1.07 on Thursday, reaching $65.70. The company had a trading volume of 39,697 shares, compared to its average volume of 169,097. The firm's 50 day moving average price is $68.86 and its two-hundred day moving average price is $69.12. Stewart Information Services Co. has a 52-week low of $40.50 and a 52-week high of $78.44. The firm has a market cap of $1.83 billion, a PE ratio of 25.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results 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 firm had revenue of $608.90 million for 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%. Sell-side analysts predict that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The firm 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

About Stewart Information Services

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.