Stewart Information Services Co. (NYSE:STC) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 949,174 shares of the insurance provider's stock after selling 162,569 shares during the period. Millennium Management LLC owned about 3.42% of Stewart Information Services worth $64,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Capital International Investors bought a new position in Stewart Information Services in the 4th quarter worth about $15,890,000. Raymond James Financial Inc. purchased a new stake in shares of Stewart Information Services in the fourth quarter valued at approximately $4,034,000. JPMorgan Chase & Co. grew its stake in Stewart Information Services by 93.7% in the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock worth $6,992,000 after purchasing an additional 50,113 shares in the last quarter. AXA S.A. purchased a new position in Stewart Information Services during the 4th quarter worth $2,643,000. Finally, Barclays PLC increased its holdings in Stewart Information Services by 337.0% during the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after purchasing an additional 35,088 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STC has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Stephens restated an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

Stewart Information Services Stock Down 3.5%

Shares of Stewart Information Services stock traded down $2.25 on Wednesday, reaching $62.39. The stock had a trading volume of 41,553 shares, compared to its average volume of 167,759. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.74 billion, a P/E ratio of 24.01 and a beta of 1.01. The company has a 50 day moving average price of $67.17 and a 200 day moving average price of $68.61. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The business had revenue of $608.90 million for the quarter, compared to analysts' expectations of $595.50 million. During the same quarter in the prior year, the company posted $0.17 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The company also recently disclosed 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 was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.21%. Stewart Information Services's payout ratio is 76.92%.

Stewart Information Services Company 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.