Rockefeller Capital Management L.P. Has $19.44 Million Stake in Stewart Information Services Co. (NYSE:STC)

Rockefeller Capital Management L.P. lifted its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 16.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 260,138 shares of the insurance provider's stock after acquiring an additional 36,582 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.94% of Stewart Information Services worth $19,443,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC lifted its position in Stewart Information Services by 0.4% during the third quarter. FMR LLC now owns 2,488,342 shares of the insurance provider's stock worth $185,979,000 after acquiring an additional 8,853 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Stewart Information Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider's stock worth $125,070,000 after purchasing an additional 15,910 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Stewart Information Services by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,641,717 shares of the insurance provider's stock worth $122,702,000 after purchasing an additional 10,811 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Stewart Information Services by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider's stock valued at $73,669,000 after buying an additional 65,965 shares in the last quarter. Finally, Millennium Management LLC increased its position in Stewart Information Services by 906.9% during the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider's stock worth $40,733,000 after buying an additional 590,977 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $71.00 to $75.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th.

Stewart Information Services Price Performance

Shares of STC traded up $1.28 during trading hours on Monday, hitting $76.37. 163,954 shares of the company were exchanged, compared to its average volume of 182,005. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 36.02 and a beta of 1.21. The firm's fifty day moving average is $71.53 and its 200 day moving average is $69.10. Stewart Information Services Co. has a fifty-two week low of $49.40 and a fifty-two week high of $76.88. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The firm had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. During the same period last year, the firm earned $0.86 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts anticipate that Stewart Information Services Co. will post 3.32 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.62%. Stewart Information Services's payout ratio is presently 94.34%.

Insider Buying and Selling at Stewart Information Services

In other news, Director Matthew Morris sold 12,899 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the transaction, the director now owns 65,330 shares of the company's stock, valued at approximately $4,842,259.60. This represents a 16.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company's stock.

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.