Bridgeway Capital Management LLC Has $8.75 Million Stock Position in Stewart Information Services Co. (NYSE:STC)

Bridgeway Capital Management LLC reduced its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,624 shares of the insurance provider's stock after selling 91,492 shares during the period. Bridgeway Capital Management LLC owned 0.47% of Stewart Information Services worth $8,748,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of STC. KLP Kapitalforvaltning AS acquired a new position in Stewart Information Services in the 4th quarter worth about $385,000. Principal Financial Group Inc. increased its holdings in Stewart Information Services by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock worth $9,070,000 after buying an additional 3,938 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Stewart Information Services during the fourth quarter valued at approximately $749,000. SG Americas Securities LLC lifted its stake in Stewart Information Services by 205.6% in the fourth quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock valued at $911,000 after acquiring an additional 9,077 shares during the last quarter. Finally, Barclays PLC grew its position in Stewart Information Services by 337.0% in the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after acquiring an additional 35,088 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on STC shares. Stephens reiterated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price target 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. Finally, StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Stewart Information Services Stock Performance

NYSE STC traded up $0.34 on Monday, hitting $64.08. 18,360 shares of the stock were exchanged, compared to its average volume of 167,789. The business's fifty day moving average is $67.80 and its 200 day moving average is $68.77. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The company has a market capitalization of $1.78 billion, a PE ratio of 24.64 and a beta of 1.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $608.90 million for the quarter, compared to the consensus estimate of $595.50 million. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. Research analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.12%. Stewart Information Services's dividend payout ratio is currently 76.92%.

Stewart Information Services 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.