Geode Capital Management LLC Has $47.15 Million Position in Stewart Information Services Co. (NYSE:STC)

Geode Capital Management LLC increased its stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,751 shares of the insurance provider's stock after buying an additional 8,597 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Stewart Information Services worth $47,151,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in STC. Massachusetts Financial Services Co. MA grew its holdings in Stewart Information Services by 149.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider's stock worth $25,568,000 after buying an additional 204,688 shares in the last quarter. FMR LLC increased its holdings in shares of Stewart Information Services by 0.4% during the third quarter. FMR LLC now owns 2,488,342 shares of the insurance provider's stock valued at $185,979,000 after purchasing an additional 8,853 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Stewart Information Services by 5.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,071 shares of the insurance provider's stock valued at $4,938,000 after purchasing an additional 3,272 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Stewart Information Services in the second quarter worth about $503,000. Finally, State Street Corp grew its position in Stewart Information Services by 16.8% in the 3rd 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. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $74.12, for a total value of $956,073.88. Following the transaction, the director now owns 65,330 shares of the company's stock, valued at approximately $4,842,259.60. This trade represents a 16.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on STC. StockNews.com upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Stewart Information Services from $79.00 to $84.00 and gave the company a "market perform" rating in a research note on Tuesday, December 10th.

Stewart Information Services Price Performance

STC stock traded up $0.71 during trading hours on Tuesday, hitting $70.27. 57,552 shares of the stock traded hands, compared to its average volume of 181,816. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $72.14 and a 200 day simple moving average of $70.15. Stewart Information Services Co. has a one year low of $56.16 and a one year high of $78.44. The company has a market cap of $1.95 billion, a P/E ratio of 33.15 and a beta of 1.21.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.21. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The company had revenue of $667.94 million during the quarter, compared to analyst estimates of $638.40 million. During the same quarter last year, the firm posted $0.86 EPS. The business's revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts forecast that Stewart Information Services Co. will post 3.32 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.85%. Stewart Information Services's dividend payout ratio is currently 94.34%.

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.