Wells Fargo & Company MN Buys 5,575 Shares of Stewart Information Services Co. (NYSE:STC)

Wells Fargo & Company MN increased its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,836 shares of the insurance provider's stock after purchasing an additional 5,575 shares during the quarter. Wells Fargo & Company MN owned approximately 0.18% of Stewart Information Services worth $3,431,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of STC. Barclays PLC grew its position in shares of Stewart Information Services by 337.0% during the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after buying an additional 35,088 shares during the period. Geode Capital Management LLC grew its position in shares of Stewart Information Services by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider's stock worth $47,151,000 after buying an additional 8,597 shares during the period. Heritage Family Offices LLP grew its position in shares of Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock worth $238,000 after buying an additional 296 shares during the period. SG Americas Securities LLC grew its position in shares of Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock worth $911,000 after buying an additional 9,077 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after purchasing an additional 208 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on STC shares. Stephens reiterated an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th. StockNews.com lowered Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their target price on 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 Stock Up 0.4 %

NYSE STC traded up $0.23 during trading on Monday, hitting $64.92. The stock had a trading volume of 111,967 shares, compared to its average volume of 168,627. The company has a market capitalization of $1.81 billion, a PE ratio of 24.97 and a beta of 1.05. The company's 50-day moving average price is $68.66 and its two-hundred day moving average price is $69.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. 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 released 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). Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The firm had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The company's revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast 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. Stockholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's dividend payout ratio is currently 76.92%.

About Stewart Information Services

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.