Schonfeld Strategic Advisors LLC Purchases New Shares in Stewart Information Services Co. (NYSE:STC)

Schonfeld Strategic Advisors LLC acquired a new position in Stewart Information Services Co. (NYSE:STC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,400 shares of the insurance provider's stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in Stewart Information Services by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider's stock worth $108,741,000 after purchasing an additional 10,132 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Stewart Information Services by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 542,367 shares of the insurance provider's stock worth $36,604,000 after purchasing an additional 5,748 shares in the last quarter. Invesco Ltd. raised its stake in Stewart Information Services by 6.2% in the 4th quarter. Invesco Ltd. now owns 352,477 shares of the insurance provider's stock worth $23,789,000 after purchasing an additional 20,465 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Stewart Information Services by 10.9% in the 4th quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider's stock worth $20,205,000 after purchasing an additional 29,496 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Stewart Information Services by 12.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider's stock worth $19,759,000 after purchasing an additional 32,638 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Stewart Information Services Price Performance

Shares of STC stock traded up $0.22 during trading hours on Friday, reaching $66.26. The stock had a trading volume of 138,380 shares, compared to its average volume of 168,255. The stock's fifty day simple moving average is $67.40 and its 200 day simple moving average is $68.64. The firm has a market capitalization of $1.84 billion, a PE ratio of 25.48 and a beta of 1.01. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The company had revenue of $608.90 million during the quarter, compared to analysts' expectations of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. On average, equities research analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Monday, March 17th. Stewart Information Services's dividend payout ratio is 76.92%.

Analysts Set New Price Targets

Several brokerages have recently commented on STC. Stephens restated an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Friday, February 7th.

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.