Stewart Information Services Co. (NYSE:STC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 74.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,526 shares of the insurance provider's stock after selling 27,321 shares during the period. New York State Common Retirement Fund's holdings in Stewart Information Services were worth $643,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STC. Blue Trust Inc. increased its holdings in Stewart Information Services by 9.3% in the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after buying an additional 208 shares in the last quarter. Heritage Family Offices LLP increased its stake in shares of Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock worth $238,000 after purchasing an additional 296 shares in the last quarter. KBC Group NV increased its stake in shares of Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after purchasing an additional 572 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Stewart Information Services by 5.7% during the 3rd quarter. Natixis Advisors LLC now owns 14,888 shares of the insurance provider's stock worth $1,113,000 after purchasing an additional 801 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of 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 purchasing an additional 1,074 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

STC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised 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 research report on Friday, February 7th. StockNews.com upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th.

Stewart Information Services Trading Down 0.8 %

Shares of STC stock traded down $0.56 during mid-day trading on Friday, reaching $68.69. The company's stock had a trading volume of 196,770 shares, compared to its average volume of 200,533. Stewart Information Services Co. has a 12-month low of $58.23 and a 12-month high of $78.44. The firm has a market capitalization of $1.90 billion, a PE ratio of 26.42 and a beta of 1.19. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The company's 50 day simple moving average is $66.49 and its 200-day simple moving average is $70.22.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. On average, research analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

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.