SG Americas Securities LLC Raises Holdings in Stewart Information Services Co. (NYSE:STC)

SG Americas Securities LLC increased its stake in Stewart Information Services Co. (NYSE:STC - Free Report) by 205.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,492 shares of the insurance provider's stock after purchasing an additional 9,077 shares during the quarter. SG Americas Securities LLC's holdings in Stewart Information Services were worth $911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STC. Sei Investments Co. lifted its position in shares of Stewart Information Services by 21.7% during the 2nd quarter. Sei Investments Co. now owns 43,032 shares of the insurance provider's stock valued at $2,671,000 after acquiring an additional 7,686 shares during the period. Millennium Management LLC raised its holdings in Stewart Information Services by 906.9% during the second quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider's stock worth $40,733,000 after purchasing an additional 590,977 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 in the last quarter. Truist Financial Corp grew its holdings in Stewart Information Services by 7.4% in the second quarter. Truist Financial Corp now owns 4,645 shares of the insurance provider's stock valued at $288,000 after purchasing an additional 319 shares during the last quarter. Finally, Trust Point Inc. increased its position in shares of Stewart Information Services by 5.0% in the third quarter. Trust Point Inc. now owns 13,918 shares of the insurance provider's stock valued at $1,040,000 after buying an additional 659 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on STC. Keefe, Bruyette & Woods decreased their price objective on shares of Stewart Information Services from $84.00 to $74.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. StockNews.com downgraded Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Friday.

Insiders Place Their Bets

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $74.12, for a total value of $956,073.88. Following the sale, the director now directly owns 65,330 shares of the company's stock, valued at approximately $4,842,259.60. This trade represents a 16.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Stewart Information Services Trading Down 0.4 %

NYSE:STC traded down $0.23 on Friday, reaching $65.24. The stock had a trading volume of 143,894 shares, compared to its average volume of 188,052. Stewart Information Services Co. has a 12-month low of $56.16 and a 12-month high of $78.44. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 30.77 and a beta of 1.24. The firm's fifty day moving average is $68.91 and its two-hundred day moving average is $70.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.94.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, December 16th. Stewart Information Services's payout ratio is 94.34%.

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.