Schonfeld Strategic Advisors LLC acquired a new stake in Stewart Information Services Co. (NYSE:STC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,400 shares of the insurance provider's stock, valued at approximately $297,000.
A number of other hedge funds have also recently added to or reduced their stakes in STC. Barclays PLC increased its holdings in Stewart Information Services by 337.0% in the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock valued at $3,400,000 after purchasing an additional 35,088 shares during the period. Heritage Family Offices LLP increased its stake in shares of Stewart Information Services by 9.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock valued at $238,000 after buying an additional 296 shares during the period. SG Americas Securities LLC raised its position in shares of Stewart Information Services by 205.6% during the fourth quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock worth $911,000 after acquiring an additional 9,077 shares during the last quarter. Blue Trust Inc. raised its position in shares of Stewart Information Services by 9.3% during the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after acquiring an additional 208 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Stewart Information Services by 58.7% in the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after acquiring an additional 572 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.
Stewart Information Services Trading Up 0.3%
Shares of STC stock traded up $0.22 during trading hours on Friday, hitting $66.26. 138,380 shares of the company were exchanged, compared to its average volume of 167,942. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The firm has a market cap of $1.84 billion, a P/E ratio of 25.48 and a beta of 1.01. The company has a 50 day simple moving average of $67.49 and a two-hundred day simple moving average of $68.67. Stewart Information Services Co. has a fifty-two week low of $58.61 and a fifty-two week high of $78.44.
Stewart Information Services (NYSE:STC - Get Free Report) last issued 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 firm had revenue of $608.90 million for the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Stewart Information Services's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Equities analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current year.
Stewart Information Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's payout ratio is currently 76.92%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on STC. Stephens restated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com downgraded 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 report on Friday, February 7th.
Read Our Latest Analysis on STC
Stewart Information Services Company 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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