Stewart Information Services Co. (NYSE:STC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 93.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,601 shares of the insurance provider's stock after purchasing an additional 50,113 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Stewart Information Services worth $6,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares in the last quarter. KBC Group NV grew its stake in Stewart Information Services by 58.7% during the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after buying an additional 572 shares during the period. Blue Trust Inc. increased its position in shares of Stewart Information Services by 9.3% in the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after acquiring an additional 208 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of 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 acquiring an additional 296 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of Stewart Information Services during the 4th quarter valued at $356,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Stock Performance

Shares of NYSE STC traded up $1.88 during midday trading on Tuesday, hitting $65.88. The company's stock had a trading volume of 164,875 shares, compared to its average volume of 169,672. 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 Co. has a 1-year low of $58.61 and a 1-year high of $78.44. The firm's fifty day moving average price is $68.90 and its 200-day moving average price is $69.13. The firm has a market cap of $1.83 billion, a P/E ratio of 25.34 and a beta of 1.05.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. On average, sell-side analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 yield of 3.04%. Stewart Information Services's payout ratio is currently 76.92%.

Analyst Ratings Changes

Several analysts recently issued reports on STC shares. StockNews.com upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lifted 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 research note on Friday, February 7th. Finally, Stephens reissued an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th.

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.