Quest Partners LLC Has $349,000 Stake in Stewart Information Services Co. (NYSE:STC)

Quest Partners LLC boosted its stake in Stewart Information Services Co. (NYSE:STC) by 58,275.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,670 shares of the insurance provider’s stock after buying an additional 4,662 shares during the quarter. Quest Partners LLC’s holdings in Stewart Information Services were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC boosted its position in shares of Stewart Information Services by 906.9% during the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after acquiring an additional 590,977 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Stewart Information Services during the second quarter valued at approximately $8,530,000. Emerald Advisers LLC bought a new stake in Stewart Information Services in the third quarter worth $5,330,000. Victory Capital Management Inc. boosted its holdings in Stewart Information Services by 7.2% in the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock worth $73,669,000 after acquiring an additional 65,965 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Stewart Information Services in the third quarter worth $3,770,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th.

Stewart Information Services Trading Up 2.3 %

STC opened at $76.33 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.12 billion, a P/E ratio of 35.96 and a beta of 1.21. The stock’s fifty day moving average is $71.47 and its two-hundred day moving average is $68.59. Stewart Information Services Co. has a 52 week low of $45.53 and a 52 week high of $76.88.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The firm had revenue of $667.94 million during the quarter, compared to analysts’ expectations of $638.40 million. During the same quarter last year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts forecast that Stewart Information Services Co. will post 3.32 earnings per share for the current year.

Stewart Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s dividend payout ratio (DPR) is presently 94.34%.

Stewart Information Services Company 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.