235,449 Shares in Stewart Information Services Co. (NYSE:STC) Acquired by Capital International Investors

Capital International Investors acquired a new stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 235,449 shares of the insurance provider's stock, valued at approximately $15,890,000. Capital International Investors owned 0.85% of Stewart Information Services as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Stewart Information Services by 1.4% in the third quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider's stock valued at $47,151,000 after acquiring an additional 8,597 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Stewart Information Services during the fourth quarter valued at approximately $385,000. Principal Financial Group Inc. raised its holdings in Stewart Information Services by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider's stock worth $9,070,000 after purchasing an additional 3,938 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Stewart Information Services during the fourth quarter valued at $749,000. Finally, SG Americas Securities LLC grew its position in shares of Stewart Information Services by 205.6% in the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock worth $911,000 after buying an additional 9,077 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Stewart Information Services Stock Down 1.0 %

STC stock traded down $0.66 during midday trading on Friday, hitting $64.86. The company's stock had a trading volume of 114,128 shares, compared to its average volume of 168,822. The firm's 50-day moving average is $68.73 and its 200-day moving average is $69.06. 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 12 month low of $58.61 and a 12 month high of $78.44. The company has a market cap of $1.80 billion, a PE ratio of 24.94 and a beta of 1.05.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). The business had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. On average, equities research analysts forecast that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.08%. Stewart Information Services's payout ratio is 76.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Finally, StockNews.com downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday.

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.