Cramer Rosenthal Mcglynn LLC Trims Position in Stewart Information Services Co. (NYSE:STC)

Cramer Rosenthal Mcglynn LLC trimmed its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,027 shares of the insurance provider's stock after selling 26,855 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.19% of Stewart Information Services worth $3,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Stewart Information Services by 807.4% in the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider's stock worth $58,000 after purchasing an additional 759 shares in the last quarter. KBC Group NV grew its stake in shares of Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after buying an additional 572 shares during the last quarter. Blue Trust Inc. increased its position in Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after buying an additional 208 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in Stewart Information Services by 6.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after buying an additional 170 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Stock Performance

NYSE:STC traded up $0.49 during mid-day trading on Wednesday, reaching $66.27. The company's stock had a trading volume of 27,751 shares, compared to its average volume of 169,114. The firm's fifty day moving average price is $68.90 and its two-hundred day moving average price is $69.13. Stewart Information Services Co. has a 12-month low of $58.61 and a 12-month high of $78.44. The stock has a market cap of $1.84 billion, a P/E ratio of 25.49 and a beta of 1.05. 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 (NYSE:STC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast 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. Shareholders 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 3.02%. Stewart Information Services's payout ratio is presently 76.92%.

Analyst Ratings Changes

A number of research firms have recently commented on STC. Stephens reissued 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 report on Friday, February 7th. Finally, StockNews.com raised shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th.

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.