Boston Partners reduced its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,480 shares of the insurance provider's stock after selling 12,797 shares during the period. Boston Partners owned 0.34% of Stewart Information Services worth $5,492,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Heritage Wealth Management LLC purchased a new stake in Stewart Information Services in the 4th quarter worth $216,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Stewart Information Services during the third quarter worth about $227,000. Truist Financial Corp bought a new stake in Stewart Information Services during the 4th quarter valued at approximately $247,000. Nisa Investment Advisors LLC lifted 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 purchasing an additional 4,550 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Stewart Information Services by 49.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the insurance provider's stock worth $380,000 after purchasing an additional 2,147 shares during the period. 96.90% of the stock is currently owned by institutional investors.
Stewart Information Services Price Performance
Shares of STC stock traded up $0.26 on Friday, reaching $64.65. The company's stock had a trading volume of 128,869 shares, compared to its average volume of 210,283. The stock's fifty day simple moving average is $62.20 and its 200-day simple moving average is $58.05. Stewart Information Services Co. has a 1 year low of $38.40 and a 1 year high of $65.36. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 42.53 and a beta of 1.17. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33.
Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. The business had revenue of $554.32 million during the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. Analysts forecast that Stewart Information Services Co. will post 4.5 earnings per share for the current fiscal year.
Stewart Information Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.475 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.90 dividend on an annualized basis and a yield of 2.94%. Stewart Information Services's dividend payout ratio (DPR) is presently 125.00%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on STC shares. Stephens reissued an "overweight" rating and issued a $79.00 target price on shares of Stewart Information Services in a report on Thursday, April 25th. BTIG Research boosted their price target on shares of Stewart Information Services from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, April 29th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $69.33.
Get Our Latest Report on STC
Insider Buying and Selling at Stewart Information Services
In related news, Director Matthew Morris sold 12,000 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total value of $757,320.00. Following the completion of the sale, the director now directly 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 this link. Company insiders own 1.50% of the company's stock.
Stewart Information Services Profile
(
Free Report)
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.
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