Rockefeller Capital Management L.P. Acquires 32,638 Shares of Stewart Information Services Co. (NYSE:STC)

Rockefeller Capital Management L.P. increased its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,776 shares of the insurance provider's stock after buying an additional 32,638 shares during the period. Rockefeller Capital Management L.P. owned about 1.06% of Stewart Information Services worth $19,759,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of 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 worth $93,258,000 after purchasing an additional 179,364 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Stewart Information Services in the fourth quarter valued at about $4,034,000. JPMorgan Chase & Co. raised its position in shares of Stewart Information Services by 93.7% during the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider's stock worth $6,992,000 after acquiring an additional 50,113 shares during the last quarter. Barclays PLC lifted its stake in shares of Stewart Information Services by 337.0% in the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after acquiring an additional 35,088 shares during the period. Finally, 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 valued at $20,205,000 after acquiring an additional 29,496 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STC. Stephens restated an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. StockNews.com upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th.

Stewart Information Services Trading Up 0.2 %

Shares of Stewart Information Services stock traded up $0.11 on Friday, reaching $65.27. 118,356 shares of the company's stock were exchanged, compared to its average volume of 170,336. The company has a market capitalization of $1.82 billion, a P/E ratio of 25.11 and a beta of 1.05. Stewart Information Services Co. has a 52 week low of $58.46 and a 52 week 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. The firm's 50-day moving average is $69.06 and its two-hundred day moving average is $69.30.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Sell-side analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.06%. Stewart Information Services's payout ratio 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.