Stewart Information Services Co. (NYSE:STC) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 134,391 shares of the insurance provider's stock after acquiring an additional 3,938 shares during the period. Principal Financial Group Inc. owned 0.48% of Stewart Information Services worth $9,070,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in STC. Massachusetts Financial Services Co. MA boosted its holdings in Stewart Information Services by 149.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider's stock valued at $25,568,000 after acquiring an additional 204,688 shares during the last quarter. State Street Corp raised its holdings in Stewart Information Services by 16.8% in the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock valued at $93,258,000 after buying an additional 179,364 shares during the period. Emerald Advisers LLC purchased a new stake in Stewart Information Services during the third quarter worth approximately $5,330,000. Victory Capital Management Inc. increased its position in shares of Stewart Information Services by 7.2% in the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider's stock worth $73,669,000 after acquiring an additional 65,965 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Stewart Information Services in the 3rd quarter valued at $3,770,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

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Stewart Information Services Price Performance

Shares of Stewart Information Services stock traded down $1.28 during trading on Tuesday, hitting $69.08. The stock had a trading volume of 39,393 shares, compared to its average volume of 194,065. The business has a fifty day moving average of $66.53 and a two-hundred day moving average of $70.26. The firm has a market cap of $1.91 billion, a P/E ratio of 26.59 and a beta of 1.23. Stewart Information Services Co. has a fifty-two week low of $58.23 and a fifty-two week high of $78.44. 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 (NYSE:STC - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.90%. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research note on Friday, February 7th. Finally, StockNews.com lowered Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

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.