Wellington Management Group LLP boosted its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,431 shares of the insurance provider's stock after buying an additional 10,801 shares during the period. Wellington Management Group LLP owned approximately 0.22% of Stewart Information Services worth $4,078,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in STC. Integrated Wealth Concepts LLC bought a new position in Stewart Information Services in the 3rd quarter valued at about $341,000. State Street Corp boosted its position in shares of Stewart Information Services by 16.8% during the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock valued at $93,258,000 after buying an additional 179,364 shares during the last quarter. Barclays PLC grew its holdings in Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock worth $3,400,000 after buying an additional 35,088 shares in the last quarter. Geode Capital Management LLC raised its position in Stewart Information Services by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider's stock valued at $47,151,000 after buying an additional 8,597 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its stake in Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock valued at $238,000 after acquiring an additional 296 shares in the last quarter. 96.90% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
STC has been the subject of several recent analyst reports. Stephens reiterated an "overweight" rating and issued a $82.00 target price 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 note on Friday, February 7th. Finally, StockNews.com upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Wednesday.
Check Out Our Latest Research Report on STC
Stewart Information Services Stock Performance
Shares of NYSE:STC traded down $0.02 during midday trading on Thursday, reaching $65.15. The company had a trading volume of 18,569 shares, compared to its average volume of 169,895. Stewart Information Services Co. has a 52-week low of $58.28 and a 52-week high of $78.44. The company's 50 day moving average price is $69.09 and its 200 day moving average price is $69.37. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.81 billion, a P/E ratio of 25.09 and a beta of 1.05.
Stewart Information Services (NYSE:STC - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share 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%. As a group, sell-side analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.
Stewart Information Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. Stewart Information Services's dividend payout ratio is presently 76.92%.
Stewart Information Services Profile
(
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.
Further Reading
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