59,778 Shares in Stewart Information Services Co. (NYSE:STC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 59,778 shares of the insurance provider's stock, valued at approximately $4,034,000. Raymond James Financial Inc. owned about 0.22% of Stewart Information Services at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State Street Corp lifted its stake in Stewart Information Services by 16.8% during the 3rd quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock valued at $93,258,000 after acquiring an additional 179,364 shares during the period. Rockefeller Capital Management L.P. lifted its position in Stewart Information Services by 16.4% during the third quarter. Rockefeller Capital Management L.P. now owns 260,138 shares of the insurance provider's stock valued at $19,443,000 after purchasing an additional 36,582 shares during the period. Barclays PLC lifted its position in Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock valued at $3,400,000 after purchasing an additional 35,088 shares during the period. Bank of New York Mellon Corp boosted its holdings in Stewart Information Services by 10.9% in 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 last quarter. Finally, Navellier & Associates Inc. bought a new stake in Stewart Information Services in the 4th quarter worth approximately $925,000. 96.90% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

STC has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday, February 7th. StockNews.com raised Stewart Information Services from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Stephens restated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a research note on Thursday, February 6th.

Stewart Information Services Stock Performance

Shares of STC stock traded down $0.92 during mid-day trading on Friday, reaching $71.68. 119,615 shares of the company's stock traded hands, compared to its average volume of 172,864. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The firm has a market capitalization of $1.99 billion, a PE ratio of 27.57 and a beta of 1.19. Stewart Information Services Co. has a 12 month low of $58.23 and a 12 month high of $78.44. The firm has a 50 day moving average price of $68.53 and a two-hundred day moving average price of $70.03.

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, beating the consensus estimate of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. On average, research analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Monday, March 17th. Stewart Information Services's dividend payout ratio is 76.92%.

About Stewart Information Services

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.