JPMorgan Chase & Co. increased its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 93.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,601 shares of the insurance provider's stock after purchasing an additional 50,113 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Stewart Information Services worth $6,992,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Stewart Information Services in the 4th quarter worth approximately $4,034,000. Barclays PLC lifted its position in shares of Stewart Information Services by 337.0% in the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after purchasing an additional 35,088 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Stewart Information Services by 10.9% during the fourth quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider's stock worth $20,205,000 after purchasing an additional 29,496 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Stewart Information Services during the 4th quarter valued at $943,000. Finally, Navellier & Associates Inc. purchased a new position in shares of Stewart Information Services during the 4th quarter valued at $925,000. 96.90% of the stock is currently owned by institutional investors.
Stewart Information Services Price Performance
NYSE STC traded down $1.78 on Monday, reaching $63.50. The company's stock had a trading volume of 57,848 shares, compared to its average volume of 169,844. The firm has a market cap of $1.77 billion, a PE ratio of 24.42 and a beta of 1.05. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The business has a 50-day moving average price of $69.01 and a 200 day moving average price of $69.20.
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 (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Sell-side analysts expect that Stewart Information Services Co. will post 6.29 EPS for the current year.
Stewart Information Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's dividend payout ratio is currently 76.92%.
Analyst Ratings Changes
Several brokerages recently weighed in on STC. Stephens reaffirmed an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th.
Read Our Latest Report on Stewart Information Services
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.
See Also
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