Teacher Retirement System of Texas Acquires New Stake in Stewart Information Services Co. (NYSE:STC)

Teacher Retirement System of Texas purchased a new stake in shares of Stewart Information Services Co. (NYSE:STC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,973 shares of the insurance provider's stock, valued at approximately $943,000. Teacher Retirement System of Texas owned approximately 0.05% of Stewart Information Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STC. State Street Corp boosted its holdings in shares of Stewart Information Services by 16.8% during the 3rd 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Stewart Information Services during the fourth quarter worth about $4,034,000. Rockefeller Capital Management L.P. grew its holdings in Stewart Information Services by 16.4% in the third quarter. Rockefeller Capital Management L.P. now owns 260,138 shares of the insurance provider's stock worth $19,443,000 after purchasing an additional 36,582 shares during the period. Barclays PLC increased its stake in shares of Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider's stock valued at $3,400,000 after purchasing an additional 35,088 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Stewart Information Services by 10.9% during the fourth quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider's stock valued at $20,205,000 after purchasing an additional 29,496 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms recently weighed in on STC. Keefe, Bruyette & Woods raised their price objective on 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. StockNews.com upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Stephens reaffirmed an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th.

Stewart Information Services Stock Up 0.2 %

NYSE STC traded up $0.14 during mid-day trading on Tuesday, reaching $71.49. The stock had a trading volume of 31,824 shares, compared to its average volume of 172,286. The company has a fifty day moving average price of $68.66 and a 200 day moving average price of $70.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. Stewart Information Services Co. has a 1 year low of $58.23 and a 1 year high of $78.44. The stock has a market cap of $1.99 billion, a PE ratio of 27.49 and a beta of 1.19.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.80%. Stewart Information Services's dividend payout ratio is presently 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.