First Eagle Investment Management LLC reduced its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,609 shares of the insurance provider's stock after selling 13,500 shares during the period. First Eagle Investment Management LLC owned 0.64% of Stewart Information Services worth $11,919,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Stewart Information Services by 9.3% during the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after purchasing an additional 208 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Stewart Information Services by 9.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock valued at $238,000 after purchasing an additional 296 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. Swiss National Bank lifted its position in shares of Stewart Information Services by 0.9% during the fourth quarter. Swiss National Bank now owns 54,400 shares of the insurance provider's stock valued at $3,671,000 after purchasing an additional 500 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Stewart Information Services by 58.7% during the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after purchasing an additional 572 shares in the last quarter. 96.90% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on STC shares. StockNews.com raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Stephens restated an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th.
Read Our Latest Analysis on Stewart Information Services
Stewart Information Services Stock Performance
NYSE STC traded down $0.18 during trading hours on Wednesday, reaching $70.46. 154,412 shares of the company were exchanged, compared to its average volume of 166,661. Stewart Information Services Co. has a 1 year low of $58.23 and a 1 year high of $78.44. The business's 50 day simple moving average is $67.06 and its 200-day simple moving average is $70.09. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.96 billion, a P/E ratio of 27.10 and a beta of 1.19.
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 for the quarter, topping the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. On average, equities research analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.
Stewart Information Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.84%. Stewart Information Services's payout ratio is 76.92%.
About Stewart Information Services
(
Free Report)
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.
See Also
Before you consider Stewart Information Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stewart Information Services wasn't on the list.
While Stewart Information Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
