Stewart Information Services Co. (NYSE:STC) Stock Position Raised by State Street Corp

State Street Corp raised its position in shares of Stewart Information Services Co. (NYSE:STC) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,247,762 shares of the insurance provider’s stock after purchasing an additional 179,364 shares during the period. State Street Corp owned 4.51% of Stewart Information Services worth $93,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STC. Envestnet Portfolio Solutions Inc. raised its stake in shares of Stewart Information Services by 2.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 144 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Stewart Information Services by 1.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock worth $5,211,000 after purchasing an additional 1,217 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Stewart Information Services by 57.7% during the 2nd quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 262 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Stewart Information Services by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the insurance provider’s stock worth $863,000 after purchasing an additional 300 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in shares of Stewart Information Services by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 330,977 shares of the insurance provider’s stock worth $20,547,000 after purchasing an additional 984 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stewart Information Services

In other news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $74.12, for a total transaction of $956,073.88. Following the sale, the director now owns 65,330 shares of the company’s stock, valued at approximately $4,842,259.60. This trade represents a 16.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STC. Keefe, Bruyette & Woods raised their price target on Stewart Information Services from $79.00 to $84.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

Stewart Information Services Stock Performance

Shares of NYSE STC opened at $74.40 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 35.09 and a beta of 1.21. The business’s 50-day simple moving average is $71.96 and its 200-day simple moving average is $69.84. Stewart Information Services Co. has a 52 week low of $55.47 and a 52 week high of $78.44.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. The firm had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. As a group, equities research analysts expect that Stewart Information Services Co. will post 3.32 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, December 16th. Stewart Information Services’s dividend payout ratio (DPR) is currently 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.