Russell Investments Group Ltd. Sells 16,318 Shares of Stewart Information Services Co. (NYSE:STC)

Russell Investments Group Ltd. reduced its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,345 shares of the insurance provider's stock after selling 16,318 shares during the period. Russell Investments Group Ltd. owned 0.19% of Stewart Information Services worth $3,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in Stewart Information Services by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider's stock worth $2,006,000 after acquiring an additional 157 shares in the last quarter. Pitcairn Co. increased its stake in shares of Stewart Information Services by 2.6% during the 4th quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock worth $462,000 after purchasing an additional 174 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock valued at $182,000 after purchasing an additional 208 shares during the period. Heritage Family Offices LLP lifted its stake in Stewart Information Services by 9.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock valued at $238,000 after purchasing an additional 296 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 342 shares during the period. 96.90% of the stock is owned by institutional investors.

Stewart Information Services Stock Performance

STC stock traded up $1.88 during mid-day trading on Tuesday, hitting $65.88. 164,875 shares of the company were exchanged, compared to its average volume of 169,672. Stewart Information Services Co. has a 1-year low of $58.61 and a 1-year high of $78.44. The stock has a market capitalization of $1.83 billion, a PE ratio of 25.34 and a beta of 1.05. The business has a 50 day simple moving average of $68.90 and a 200-day simple moving average of $69.13. 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 for the quarter, topping the consensus estimate 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 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.04%. Stewart Information Services's dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analyst Weigh In

STC has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on 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. StockNews.com upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. Finally, Stephens reaffirmed an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th.

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.