Rockefeller Capital Management L.P. Increases Stake in Stewart Information Services Co. (NYSE:STC)

Rockefeller Capital Management L.P. boosted its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,776 shares of the insurance provider's stock after buying an additional 32,638 shares during the period. Rockefeller Capital Management L.P. owned approximately 1.06% of Stewart Information Services worth $19,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of STC. State Street Corp boosted its holdings in shares of Stewart Information Services by 16.8% in the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock worth $93,258,000 after acquiring an additional 179,364 shares during the period. Raymond James Financial Inc. bought a new position in Stewart Information Services in the 4th quarter worth about $4,034,000. JPMorgan Chase & Co. grew its holdings in Stewart Information Services by 93.7% during the 4th quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock valued at $6,992,000 after buying an additional 50,113 shares in the last quarter. Barclays PLC grew 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 valued at $3,400,000 after buying an additional 35,088 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Stewart Information Services by 10.9% in the fourth quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider's stock worth $20,205,000 after buying an additional 29,496 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on STC. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research note on Friday, February 7th. Stephens reissued an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, StockNews.com raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Wednesday.

Stewart Information Services Price Performance

Shares of Stewart Information Services stock traded up $0.11 on Friday, hitting $65.27. 118,356 shares of the company traded hands, compared to its average volume of 170,275. Stewart Information Services Co. has a 12-month low of $58.61 and a 12-month high of $78.44. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.82 billion, a P/E ratio of 25.11 and a beta of 1.05. The firm's 50-day simple moving average is $69.01 and its 200 day simple moving average is $69.20.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Analysts expect that Stewart Information Services Co. will post 6.29 earnings per share 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. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's payout ratio is currently 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.