Jacobs Levy Equity Management Inc. Sells 21,622 Shares of Stewart Information Services Co. (NYSE:STC)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,761 shares of the insurance provider's stock after selling 21,622 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.37% of Stewart Information Services worth $7,680,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in shares of Stewart Information Services by 16.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 260,138 shares of the insurance provider's stock worth $19,443,000 after acquiring an additional 36,582 shares in the last quarter. 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 worth $4,938,000 after acquiring an additional 3,272 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of 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 worth $789,000 after acquiring an additional 4,544 shares in the last quarter. FMR LLC grew its position in 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 buying an additional 8,853 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Stewart Information Services by 7.9% during the third quarter. The Manufacturers Life Insurance Company now owns 14,612 shares of the insurance provider's stock valued at $1,092,000 after buying an additional 1,074 shares during the period. Institutional investors own 96.90% of the company's stock.

Stewart Information Services Stock Performance

NYSE STC traded up $0.28 during trading on Friday, hitting $75.16. 119,342 shares of the company's stock traded hands, compared to its average volume of 180,612. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 35.45 and a beta of 1.21. Stewart Information Services Co. has a 12-month low of $52.29 and a 12-month high of $76.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94. The business has a 50 day moving average of $71.64 and a 200-day moving average of $69.25.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $667.94 million for the quarter, compared to the consensus estimate of $638.40 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Stewart Information Services Co. will post 3.32 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, December 16th. Stewart Information Services's dividend payout ratio (DPR) is 94.34%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Matthew Morris sold 12,899 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value 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. This represents a 16.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

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.