DAVENPORT & Co LLC Has $35.01 Million Position in Stewart Information Services Co. (NYSE:STC)

DAVENPORT & Co LLC cut its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 515,828 shares of the insurance provider's stock after selling 65,249 shares during the quarter. DAVENPORT & Co LLC owned 1.86% of Stewart Information Services worth $35,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV grew its position in shares of Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after buying an additional 572 shares during the last quarter. Blue Trust Inc. grew its position in Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after purchasing an additional 208 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Stewart Information Services by 205.6% in the fourth quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock valued at $911,000 after acquiring an additional 9,077 shares in the last quarter. Heritage Family Offices LLP boosted its holdings in shares of Stewart Information Services by 9.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock valued at $238,000 after acquiring an additional 296 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Stock Up 2.0 %

Shares of STC stock traded up $1.31 during trading on Wednesday, hitting $65.90. 60,385 shares of the company were exchanged, compared to its average volume of 189,226. 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 capitalization of $1.83 billion, a price-to-earnings ratio of 31.08 and a beta of 1.23. The business's 50-day simple moving average is $68.46 and its 200 day simple moving average is $70.47. Stewart Information Services Co. has a twelve month low of $56.16 and a twelve month high of $78.44.

Stewart Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 3.04%. Stewart Information Services's dividend payout ratio is 94.34%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Stewart Information Services from $84.00 to $74.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Friday, January 31st.

Insider Buying and Selling at Stewart Information Services

In related news, Director Matthew Morris sold 12,899 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the transaction, the director now directly owns 65,330 shares in the company, valued at approximately $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 through this hyperlink. Insiders own 2.99% of the company's stock.

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.