Northern Trust Corp Reduces Stake in Stewart Information Services Co. (NYSE:STC)

Northern Trust Corp cut its stake in Stewart Information Services Co. (NYSE:STC - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,431 shares of the insurance provider's stock after selling 94,661 shares during the quarter. Northern Trust Corp owned 1.20% of Stewart Information Services worth $22,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Barclays PLC lifted 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. Heritage Family Offices LLP lifted its position in shares of Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock worth $238,000 after buying an additional 296 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock worth $911,000 after buying an additional 9,077 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after buying an additional 208 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Stewart Information Services by 58.7% in the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after acquiring an additional 572 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on STC shares. Stephens reiterated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com downgraded shares of Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods raised their price objective 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 Stock Performance

NYSE STC traded up $0.22 on Friday, hitting $66.26. 138,380 shares of the stock traded hands, compared to its average volume of 167,942. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The business's fifty day moving average is $67.49 and its two-hundred day moving average is $68.67. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 25.48 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 6.81% and a net margin of 2.94%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. As a group, equities analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Monday, March 17th. Stewart Information Services's payout ratio is currently 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.