Fmr LLC Cuts Stock Holdings in Stewart Information Services Co. (NYSE:STC)

FMR LLC reduced its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,336,960 shares of the insurance provider's stock after selling 151,382 shares during the quarter. FMR LLC owned about 8.43% of Stewart Information Services worth $157,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in Stewart Information Services by 16.8% in the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock valued at $93,258,000 after buying an additional 179,364 shares in the last quarter. Barclays PLC raised its holdings in Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after purchasing an additional 35,088 shares during the last quarter. Geode Capital Management LLC boosted its position in Stewart Information Services by 1.4% during the third quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider's stock worth $47,151,000 after purchasing an additional 8,597 shares in the last quarter. Heritage Family Offices LLP grew its holdings in 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 purchasing an additional 296 shares during the last quarter. Finally, SG Americas Securities LLC increased its position 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 buying an additional 9,077 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Stewart Information Services Trading Up 0.2 %

Shares of Stewart Information Services stock traded up $0.11 during mid-day trading on Friday, hitting $65.27. 118,356 shares of the stock were exchanged, compared to its average volume of 170,336. The company has a 50-day simple moving average of $69.06 and a 200 day simple moving average of $69.30. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 25.11 and a beta of 1.05. Stewart Information Services Co. has a twelve month low of $58.46 and a twelve month high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS 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%. Research analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Monday, March 17th. Stewart Information Services's payout ratio is 76.92%.

Analyst Ratings Changes

Several research firms have weighed in on STC. StockNews.com upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Wednesday. Stephens reaffirmed an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their price target 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.

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.