Fuller & Thaler Asset Management Inc. reduced its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,005 shares of the insurance provider's stock after selling 7,253 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.43% of Stewart Information Services worth $26,794,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the period. Sterling Capital Management LLC grew its position in Stewart Information Services by 807.4% in the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after purchasing an additional 759 shares during the last quarter. KBC Group NV increased its holdings in shares of Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after purchasing an additional 572 shares during the period. Blue Trust Inc. raised 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 buying an additional 208 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Stewart Information Services by 6.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after buying an additional 170 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Stewart Information Services Trading Down 1.7 %
Shares of STC opened at $65.63 on Friday. The stock has a 50 day simple moving average of $68.80 and a 200-day simple moving average of $69.09. 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 cap of $1.83 billion, a PE ratio of 25.24 and a beta of 1.05. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44.
Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The company had revenue of $608.90 million for the quarter, compared to analyst estimates of $595.50 million. On average, sell-side analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.
Stewart Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.05%. Stewart Information Services's dividend payout ratio is 76.92%.
Analysts Set New Price Targets
Several research firms have commented on STC. StockNews.com cut Stewart Information Services from a "buy" rating to a "hold" rating in a report on Thursday. Stephens reaffirmed an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday, February 7th.
Check Out Our Latest Stock Analysis on STC
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.
Further Reading
Want to see what other hedge funds are holding STC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stewart Information Services Co. (NYSE:STC - Free Report).
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