Barclays PLC Buys 35,088 Shares of Stewart Information Services Co. (NYSE:STC)

Barclays PLC grew its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 337.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,500 shares of the insurance provider's stock after acquiring an additional 35,088 shares during the period. Barclays PLC owned about 0.16% of Stewart Information Services worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its stake in Stewart Information Services by 16.8% during the 3rd quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock worth $93,258,000 after acquiring an additional 179,364 shares during the period. Readystate Asset Management LP bought a new stake in shares of Stewart Information Services during the 3rd quarter valued at $758,000. Integrated Wealth Concepts LLC purchased a new position in shares of Stewart Information Services during the 3rd quarter valued at $341,000. Rockefeller Capital Management L.P. boosted its holdings in Stewart Information Services by 16.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 260,138 shares of the insurance provider's stock worth $19,443,000 after buying an additional 36,582 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Stewart Information Services by 5.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,071 shares of the insurance provider's stock worth $4,938,000 after buying an additional 3,272 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Price Performance

STC stock traded up $0.71 during mid-day trading on Tuesday, hitting $70.27. The company had a trading volume of 57,552 shares, compared to its average volume of 181,816. The company has a 50-day moving average price of $72.14 and a 200 day moving average price of $70.15. Stewart Information Services Co. has a 12-month low of $56.16 and a 12-month high of $78.44. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 33.15 and a beta of 1.21. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, beating 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 company had revenue of $667.94 million during the quarter, compared to analyst estimates of $638.40 million. During the same period in the prior year, the company earned $0.86 earnings per share. The firm's revenue was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Stewart Information Services Co. will post 3.32 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, December 16th. Stewart Information Services's dividend payout ratio is presently 94.34%.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the company'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 sale, the director now directly owns 65,330 shares in the company, valued at $4,842,259.60. This represents a 16.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Stewart Information Services from $79.00 to $84.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. StockNews.com raised Stewart Information Services from a "hold" rating to a "buy" rating in a report on Tuesday.

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.