Victory Capital Management Inc. Reduces Position in Stewart Information Services Co. (NYSE:STC)

Victory Capital Management Inc. reduced its stake in Stewart Information Services Co. (NYSE:STC - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 834,958 shares of the insurance provider's stock after selling 150,715 shares during the quarter. Victory Capital Management Inc. owned about 3.01% of Stewart Information Services worth $56,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STC. Atria Investments Inc bought a new stake in Stewart Information Services in the third quarter worth approximately $207,000. CIBC Asset Management Inc bought a new stake in Stewart Information Services in the third quarter worth approximately $205,000. Empowered Funds LLC increased its holdings in Stewart Information Services by 5.3% in the third quarter. Empowered Funds LLC now owns 85,302 shares of the insurance provider's stock worth $6,375,000 after purchasing an additional 4,288 shares in the last quarter. Natixis Advisors LLC increased its holdings in Stewart Information Services by 5.7% in the third 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 increased its holdings in Stewart Information Services by 58,275.0% in the third quarter. Quest Partners LLC now owns 4,670 shares of the insurance provider's stock worth $349,000 after purchasing an additional 4,662 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

STC has been the subject of a number of research analyst reports. StockNews.com upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a report on Thursday. Stephens restated an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday, February 7th.

Stewart Information Services Stock Down 0.8 %

Stewart Information Services stock traded down $0.56 during trading on Friday, hitting $68.69. 196,770 shares of the company were exchanged, compared to its average volume of 200,533. The company has a market capitalization of $1.90 billion, a P/E ratio of 26.42 and a beta of 1.19. The business's 50 day moving average is $66.49 and its 200 day moving average is $70.22. Stewart Information Services Co. has a 52 week low of $58.23 and a 52 week high of $78.44. 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 posted its quarterly earnings data 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 net margin of 2.94% and a return on equity of 6.81%. Analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. Stewart Information Services's dividend payout ratio is currently 76.92%.

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.