KLP Kapitalforvaltning AS acquired a new stake in Stewart Information Services Co. (NYSE:STC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,700 shares of the insurance provider's stock, valued at approximately $385,000.
Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. KBC Group NV increased its holdings in shares of Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock valued at $104,000 after acquiring an additional 572 shares during the period. Blue Trust Inc. increased its holdings in shares of Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after acquiring an additional 208 shares during the period. Heritage Family Offices LLP raised its position in shares of Stewart Information Services by 9.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock worth $238,000 after acquiring an additional 296 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Stewart Information Services during the 3rd quarter worth $341,000. Institutional investors own 96.90% of the company's stock.
Stewart Information Services Stock Performance
NYSE:STC traded down $0.05 during trading hours on Tuesday, hitting $64.01. 44,945 shares of the company were exchanged, compared to its average volume of 192,757. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. Stewart Information Services Co. has a 52-week low of $58.28 and a 52-week high of $78.44. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 24.63 and a beta of 1.05. The company's 50 day moving average price is $69.08 and its 200-day moving average price is $69.80.
Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. As a group, research analysts forecast that Stewart Information Services Co. will post 6.29 earnings per share for the current year.
Stewart Information Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.12%. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.
Analyst Ratings Changes
A number of brokerages have commented on STC. Keefe, Bruyette & Woods boosted their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Stephens restated an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th.
Read Our Latest Analysis on Stewart Information Services
Stewart Information Services Company Profile
(
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.
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