Stewart Information Services Co. (NYSE:STC) Shares Sold by Algert Global LLC

Algert Global LLC decreased its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 47.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,883 shares of the insurance provider's stock after selling 14,620 shares during the period. Algert Global LLC owned 0.06% of Stewart Information Services worth $1,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Stewart Information Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider's stock worth $125,070,000 after buying an additional 15,910 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Stewart Information Services by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,885 shares of the insurance provider's stock valued at $1,619,000 after purchasing an additional 835 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Stewart Information Services by 8.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,119 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 959 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Stewart Information Services by 2.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider's stock valued at $337,000 after purchasing an additional 144 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Stewart Information Services by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider's stock valued at $5,211,000 after purchasing an additional 1,217 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Stewart Information Services Trading Down 0.5 %

STC stock traded down $0.37 during trading on Friday, reaching $75.09. 66,006 shares of the stock were exchanged, compared to its average volume of 182,083. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $71.49 and a 200-day moving average price of $68.86. Stewart Information Services Co. has a 1 year low of $46.40 and a 1 year high of $76.88. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly 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 business had revenue of $667.94 million for the quarter, compared to the consensus estimate of $638.40 million. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The business's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Stewart Information Services's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. Stewart Information Services's payout ratio is 94.34%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on shares of Stewart Information Services from $71.00 to $75.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th.

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.