Stewart Information Services Co. (NYSE:STC) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,651,849 shares of the insurance provider's stock after buying an additional 10,132 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 5.96% of Stewart Information Services worth $108,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in Stewart Information Services during the third quarter worth $61,000. KBC Group NV grew its holdings in Stewart Information Services by 58.7% during the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after acquiring an additional 572 shares during the period. Blue Trust Inc. grew its holdings in Stewart Information Services by 210.9% during the third quarter. Blue Trust Inc. now owns 2,226 shares of the insurance provider's stock worth $166,000 after acquiring an additional 1,510 shares during the period. CIBC Asset Management Inc acquired a new stake in Stewart Information Services in the third quarter valued at $205,000. Finally, Atria Investments Inc acquired a new stake in Stewart Information Services in the third quarter valued at $207,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Activity

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the firm's 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 completion of the sale, the director now owns 65,330 shares in the company, valued at $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 is available through the SEC website. Insiders own 1.50% of the company's stock.

Stewart Information Services Trading Up 0.0 %

Shares of Stewart Information Services stock traded up $0.00 during trading hours on Friday, reaching $68.47. The stock had a trading volume of 114,956 shares, compared to its average volume of 195,539. The firm has a 50 day simple moving average of $67.19 and a two-hundred day simple moving average of $70.22. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 26.34 and a beta of 1.23. 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 $58.23 and a 1 year high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. As a group, equities research analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.92%. Stewart Information Services's dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

STC has been the topic of several research reports. Stephens reissued an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th.

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.