Hotchkis & Wiley Capital Management LLC Decreases Stock Position in Stewart Information Services Co. (NYSE:STC)

Hotchkis & Wiley Capital Management LLC decreased its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,470 shares of the insurance provider's stock after selling 63,300 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.48% of Stewart Information Services worth $9,976,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in Stewart Information Services by 16.4% in the third quarter. Rockefeller Capital Management L.P. now owns 260,138 shares of the insurance provider's stock worth $19,443,000 after purchasing an additional 36,582 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Stewart Information Services by 5.2% in the 3rd 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 buying an additional 3,272 shares during the period. BNP Paribas Financial Markets increased its position in Stewart Information Services by 75.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,563 shares of the insurance provider's stock valued at $789,000 after buying an additional 4,544 shares in the last quarter. FMR LLC increased its position in Stewart Information Services by 0.4% in the 3rd quarter. FMR LLC now owns 2,488,342 shares of the insurance provider's stock valued at $185,979,000 after buying an additional 8,853 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Stewart Information Services by 7.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,612 shares of the insurance provider's stock worth $1,092,000 after buying an additional 1,074 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Transactions at Stewart Information Services

In related news, Director Matthew Morris sold 12,899 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total transaction of $956,073.88. Following the transaction, the director now directly owns 65,330 shares in the company, valued at approximately $4,842,259.60. The trade was a 16.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

Stewart Information Services Stock Down 0.3 %

Shares of NYSE:STC traded down $0.19 during midday trading on Thursday, hitting $74.85. 105,784 shares of the company's stock were exchanged, compared to its average volume of 180,871. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.94. Stewart Information Services Co. has a 12 month low of $52.18 and a 12 month high of $76.88. The company has a market cap of $2.07 billion, a PE ratio of 35.38 and a beta of 1.21. The stock has a 50 day moving average price of $71.61 and a 200-day moving average price of $69.22.

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

Stewart Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, December 16th. Stewart Information Services's dividend payout ratio is 94.34%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on Stewart Information Services from $71.00 to $75.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th.

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.