Stewart Information Services Co. (NYSE:STC) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 801,374 shares of the insurance provider's stock after selling 289,032 shares during the quarter. Victory Capital Management Inc. owned approximately 2.93% of Stewart Information Services worth $47,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STC. SG Americas Securities LLC purchased a new stake in Stewart Information Services during the 3rd quarter valued at $236,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Stewart Information Services by 6.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider's stock worth $645,000 after acquiring an additional 860 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Stewart Information Services by 215.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider's stock worth $292,000 after acquiring an additional 4,550 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Stewart Information Services by 144.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 119,484 shares of the insurance provider's stock worth $5,233,000 after acquiring an additional 70,544 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in Stewart Information Services in the 3rd quarter worth approximately $677,000. Institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BTIG Research upped their price target on Stewart Information Services from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, April 29th. Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $57.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, March 21st. Finally, Stephens reiterated an "overweight" rating and issued a $79.00 target price on shares of Stewart Information Services in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Stewart Information Services presently has a consensus rating of "Moderate Buy" and an average price target of $69.33.

Stewart Information Services Stock Down 0.1 %

NYSE STC traded down $0.09 during trading on Monday, hitting $63.02. The company's stock had a trading volume of 131,677 shares, compared to its average volume of 218,781. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 2.11. The company has a market cap of $1.73 billion, a PE ratio of 41.46 and a beta of 1.17. The business's 50 day simple moving average is $61.91 and its 200-day simple moving average is $56.69. Stewart Information Services Co. has a fifty-two week low of $38.40 and a fifty-two week high of $65.35.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly 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 during the quarter. On average, equities analysts anticipate that Stewart Information Services Co. will post 4.5 EPS for the current fiscal 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 issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services's dividend payout ratio (DPR) is 125.00%.

Insider Buying and Selling

In related news, Director Matthew Morris sold 12,000 shares of Stewart Information Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $63.11, for a total transaction of $757,320.00. Following the completion of the sale, the director now owns 76,867 shares of the company's stock, valued at $4,851,076.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.99% of the company's stock.

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.