Outlook Wealth Advisors LLC Reduces Stock Position in Stewart Information Services Co. (NYSE:STC)

Outlook Wealth Advisors LLC trimmed its stake in Stewart Information Services Co. (NYSE:STC - Free Report) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,667 shares of the insurance provider's stock after selling 10,000 shares during the quarter. Stewart Information Services makes up 2.1% of Outlook Wealth Advisors LLC's portfolio, making the stock its 11th biggest holding. Outlook Wealth Advisors LLC owned approximately 0.36% of Stewart Information Services worth $7,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Stewart Information Services by 2.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider's stock valued at $337,000 after buying an additional 144 shares during the period. Arizona State Retirement System lifted its stake in shares of Stewart Information Services by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 7,688 shares of the insurance provider's stock worth $477,000 after purchasing an additional 168 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Stewart Information Services by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,538 shares of the insurance provider's stock worth $840,000 after purchasing an additional 186 shares during the last quarter. Blue Trust Inc. grew its position in shares of Stewart Information Services by 57.7% in the second quarter. Blue Trust Inc. now owns 716 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 262 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Stewart Information Services by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the insurance provider's stock valued at $863,000 after purchasing an additional 300 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, CFO David C. Hisey sold 12,649 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $69.27, for a total transaction of $876,196.23. Following the transaction, the chief financial officer now owns 55,917 shares in the company, valued at $3,873,370.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Stewart Information Services Trading Down 3.4 %

Shares of Stewart Information Services stock traded down $2.40 during trading hours on Friday, reaching $69.03. The stock had a trading volume of 132,472 shares, compared to its average volume of 188,767. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 45.41 and a beta of 1.20. Stewart Information Services Co. has a 1 year low of $38.40 and a 1 year high of $76.83. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $71.98 and a two-hundred day simple moving average of $67.16.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. Stewart Information Services had a net margin of 1.85% and a return on equity of 5.16%. The firm had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. During the same quarter last year, the firm posted $0.86 earnings per share. Stewart Information Services's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Stewart Information Services Co. will post 3.39 earnings per share for the current year.

Stewart Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.90%. This is a boost from Stewart Information Services's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. Stewart Information Services's dividend payout ratio is 131.58%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stephens restated an "overweight" rating and issued a $79.00 price target on shares of Stewart Information Services in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their target price on shares of Stewart Information Services from $71.00 to $75.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Tuesday, July 2nd. Finally, BTIG Research lifted their price target on shares of Stewart Information Services from $68.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 22nd.

Stewart Information Services 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.