Bank of New York Mellon Corp Raises Stock Position in Stewart Information Services Co. (NYSE:STC)

Bank of New York Mellon Corp raised its position in Stewart Information Services Co. (NYSE:STC - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 299,375 shares of the insurance provider's stock after purchasing an additional 29,496 shares during the period. Bank of New York Mellon Corp owned 1.08% of Stewart Information Services worth $20,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its stake 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 buying an additional 8,853 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Stewart Information Services by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider's stock valued at $108,741,000 after acquiring an additional 10,132 shares during the last quarter. State Street Corp grew its holdings in shares of Stewart Information Services by 16.8% in the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider's stock valued at $93,258,000 after purchasing an additional 179,364 shares during the period. Victory Capital Management Inc. increased its position in Stewart Information Services by 7.2% during the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider's stock worth $73,669,000 after purchasing an additional 65,965 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 purchasing an additional 8,597 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

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Analysts Set New Price Targets

STC has been the topic of several analyst reports. Stephens reaffirmed an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. StockNews.com raised Stewart Information Services from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods raised their price objective on Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th.

Stewart Information Services Trading Up 5.0 %

Shares of STC traded up $3.37 during midday trading on Tuesday, hitting $70.75. 426,481 shares of the stock were exchanged, compared to its average volume of 205,106. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The firm has a market cap of $1.96 billion, a P/E ratio of 27.21 and a beta of 1.19. Stewart Information Services Co. has a 52-week low of $58.23 and a 52-week high of $78.44. The stock has a fifty day simple moving average of $66.48 and a 200 day simple moving average of $70.19.

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 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, research analysts anticipate 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.83%. Stewart Information Services's dividend payout ratio (DPR) is 76.92%.

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.