Federated Hermes Inc. Has $1.17 Million Holdings in Stewart Information Services Co. (NYSE:STC)

Federated Hermes Inc. increased its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 499,150.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,970 shares of the insurance provider's stock after acquiring an additional 19,966 shares during the period. Federated Hermes Inc. owned about 0.07% of Stewart Information Services worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB acquired a new position in Stewart Information Services during the third quarter worth $206,000. Envestnet Portfolio Solutions Inc. acquired a new position in Stewart Information Services during the third quarter worth $227,000. SG Americas Securities LLC acquired a new position in Stewart Information Services during the third quarter worth $236,000. Nisa Investment Advisors LLC increased its position in Stewart Information Services by 215.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider's stock worth $292,000 after buying an additional 4,550 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Stewart Information Services by 49.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the insurance provider's stock worth $380,000 after buying an additional 2,147 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STC. BTIG Research raised their price target on Stewart Information Services from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Monday. Keefe, Bruyette & Woods raised their price target on Stewart Information Services from $57.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, March 21st. Finally, Stephens reaffirmed an "overweight" rating and issued a $79.00 price target on shares of Stewart Information Services in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Stewart Information Services presently has an average rating of "Moderate Buy" and an average target price of $69.33.

Stewart Information Services Stock Performance

STC stock traded down $0.37 during trading on Wednesday, reaching $61.64. 202,772 shares of the stock were exchanged, compared to its average volume of 222,722. Stewart Information Services Co. has a twelve month low of $38.40 and a twelve month high of $65.35. The company has a market capitalization of $1.69 billion, a P/E ratio of 40.55 and a beta of 1.16. The stock has a 50 day simple moving average of $61.83 and a 200-day simple moving average of $56.30. The company has a current ratio of 1.95, a quick ratio of 2.11 and a debt-to-equity ratio of 0.33.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. The business had revenue of $554.32 million for the quarter. As a group, sell-side analysts anticipate that Stewart Information Services Co. will post 4.5 earnings per share for the current year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services's dividend payout ratio (DPR) is presently 125.00%.

Insider Buying and Selling

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $63.11, for a total transaction of $757,320.00. Following the completion of the transaction, the director now owns 76,867 shares in the company, valued at $4,851,076.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.99% of the stock is owned by company insiders.

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.