Stewart Information Services Co. (NYSE:STC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,000 shares of the insurance provider's stock after selling 23,300 shares during the period. Renaissance Technologies LLC owned 0.47% of Stewart Information Services worth $8,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Stewart Information Services during the 4th quarter worth $4,034,000. JPMorgan Chase & Co. boosted its holdings in Stewart Information Services by 93.7% in the 4th quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock worth $6,992,000 after buying an additional 50,113 shares during the period. Barclays PLC grew its stake in Stewart Information Services by 337.0% in the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock valued at $3,400,000 after buying an additional 35,088 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 29,496 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Stewart Information Services by 6.2% during the 4th quarter. Invesco Ltd. now owns 352,477 shares of the insurance provider's stock valued at $23,789,000 after purchasing an additional 20,465 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. Stephens reissued an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, 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.

Stewart Information Services Price Performance

Shares of STC traded down $1.14 during mid-day trading on Monday, reaching $64.14. The stock had a trading volume of 125,314 shares, compared to its average volume of 170,095. The business has a fifty day moving average of $69.01 and a 200 day moving average of $69.20. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 24.67 and a beta of 1.05. Stewart Information Services Co. has a 12 month low of $58.61 and a 12 month high of $78.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, topping 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%. Equities analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 currently 76.92%.

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.