Emerald Mutual Fund Advisers Trust Sells 9,214 Shares of Stewart Information Services Co. (NYSE:STC)

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,225 shares of the insurance provider's stock after selling 9,214 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.15% of Stewart Information Services worth $2,782,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STC. Allspring Global Investments Holdings LLC raised its stake in shares of Stewart Information Services by 0.6% during 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in Stewart Information Services by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 542,367 shares of the insurance provider's stock valued at $36,604,000 after acquiring an additional 5,748 shares during the last quarter. Invesco Ltd. grew its position in shares of Stewart Information Services by 6.2% during the 4th quarter. Invesco Ltd. now owns 352,477 shares of the insurance provider's stock valued at $23,789,000 after acquiring an additional 20,465 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Stewart Information Services by 10.9% during 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 during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of 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 during the period. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STC has been the subject of several research reports. StockNews.com lowered Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Stephens reiterated an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped 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 research note on Friday, February 7th.

Stewart Information Services Price Performance

Shares of Stewart Information Services stock traded up $1.85 on Friday, reaching $66.91. The stock had a trading volume of 115,886 shares, compared to its average volume of 168,603. The business's 50 day moving average is $68.35 and its two-hundred day moving average is $68.94. 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 1 year low of $58.61 and a 1 year high of $78.44. The company has a market cap of $1.86 billion, a P/E ratio of 25.73 and a beta of 1.01.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The firm had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period in the previous year, the company posted $0.17 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research 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 disclosed 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 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is 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.