Charles Schwab Investment Management Inc. raised its stake in Stewart Information Services Co. (NYSE:STC - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 542,367 shares of the insurance provider's stock after purchasing an additional 5,748 shares during the period. Charles Schwab Investment Management Inc. owned 1.96% of Stewart Information Services worth $36,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in STC. Atria Investments Inc bought a new position in shares of Stewart Information Services during the 3rd quarter worth approximately $207,000. CIBC Asset Management Inc acquired a new position in shares of Stewart Information Services during the third quarter worth $205,000. Empowered Funds LLC lifted its holdings in shares of Stewart Information Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 85,302 shares of the insurance provider's stock valued at $6,375,000 after purchasing an additional 4,288 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Stewart Information Services by 5.7% in the 3rd quarter. Natixis Advisors LLC now owns 14,888 shares of the insurance provider's stock worth $1,113,000 after purchasing an additional 801 shares in the last quarter. Finally, Quest Partners LLC grew its stake in Stewart Information Services by 58,275.0% during the 3rd quarter. Quest Partners LLC now owns 4,670 shares of the insurance provider's stock worth $349,000 after buying an additional 4,662 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
STC has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.
Get Our Latest Stock Analysis on STC
Stewart Information Services Stock Performance
Shares of STC stock traded down $0.01 during mid-day trading on Wednesday, reaching $70.63. The stock had a trading volume of 87,825 shares, compared to its average volume of 166,415. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 1-year low of $58.23 and a 1-year high of $78.44. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 27.17 and a beta of 1.19. The business's fifty day moving average is $67.06 and its 200-day moving average is $70.09.
Stewart Information Services (NYSE:STC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts forecast that Stewart Information Services Co. will post 6.29 earnings per share for the current year.
Stewart Information Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Monday, March 17th. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.
About Stewart Information Services
(
Free Report)
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.
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