Bridgeway Capital Management LLC Sells 91,492 Shares of Stewart Information Services Co. (NYSE:STC)

Bridgeway Capital Management LLC lowered its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 41.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.47% of Stewart Information Services worth $8,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Stewart Information Services during the fourth quarter valued at $385,000. Principal Financial Group Inc. increased its stake in Stewart Information Services by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock valued at $9,070,000 after buying an additional 3,938 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Stewart Information Services during the 4th quarter worth about $749,000. SG Americas Securities LLC lifted its stake in shares of Stewart Information Services by 205.6% in the 4th 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 period. Finally, Barclays PLC boosted its holdings in shares of 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 acquiring an additional 35,088 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Stewart Information Services Trading Down 1.2 %

Shares of NYSE:STC traded down $0.78 during mid-day trading on Friday, hitting $63.76. The stock had a trading volume of 155,698 shares, compared to its average volume of 168,196. The company's 50 day moving average is $67.80 and its 200-day moving average is $68.78. Stewart Information Services Co. has a 12-month low of $58.61 and a 12-month high of $78.44. 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 company has a market cap of $1.77 billion, a PE ratio of 24.52 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly 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 business had revenue of $608.90 million for 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 business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, sell-side analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 3.14%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's payout ratio is presently 76.92%.

Analyst Ratings Changes

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

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.