Invesco Ltd. Has $23.79 Million Stock Position in Stewart Information Services Co. (NYSE:STC)

Invesco Ltd. increased its stake in Stewart Information Services Co. (NYSE:STC - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 352,477 shares of the insurance provider's stock after acquiring an additional 20,465 shares during the period. Invesco Ltd. owned approximately 1.27% of Stewart Information Services worth $23,789,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares during the last quarter. KBC Group NV increased its stake in Stewart Information Services by 58.7% during the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after acquiring an additional 572 shares during the last quarter. Blue Trust Inc. increased its position in Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after purchasing an additional 208 shares in the last quarter. Heritage Family Offices LLP grew its stake in 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 worth $238,000 after buying an additional 296 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of Stewart Information Services during the 4th quarter valued at $356,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Stock Performance

Shares of NYSE STC traded up $0.50 during trading on Wednesday, reaching $66.28. The stock had a trading volume of 56,269 shares, compared to its average volume of 169,243. The stock has a market cap of $1.84 billion, a PE ratio of 25.45 and a beta of 1.05. The firm's 50 day moving average price is $68.90 and its two-hundred day moving average price is $69.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. Stewart Information Services Co. has a one year low of $58.61 and a one year high of $78.44.

Stewart Information Services (NYSE:STC - Get Free Report) last issued 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 return on equity of 6.81% and a net margin of 2.94%. On average, research analysts forecast that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is currently 76.92%.

Analyst Upgrades and Downgrades

STC has been the topic of several recent research reports. StockNews.com raised Stewart Information Services from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th. Stephens reaffirmed an "overweight" rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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.

About Stewart Information Services

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.