Trust Point Inc. Sells 5,998 Shares of Stewart Information Services Co. (NYSE:STC)

Trust Point Inc. reduced its holdings in Stewart Information Services Co. (NYSE:STC - Free Report) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,920 shares of the insurance provider's stock after selling 5,998 shares during the quarter. Trust Point Inc.'s holdings in Stewart Information Services were worth $535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in STC. The Manufacturers Life Insurance Company raised its holdings in shares of Stewart Information Services by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,538 shares of the insurance provider's stock worth $840,000 after purchasing an additional 186 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Stewart Information Services by 7.4% in the 2nd quarter. Truist Financial Corp now owns 4,645 shares of the insurance provider's stock worth $288,000 after purchasing an additional 319 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Stewart Information Services in the 3rd quarter worth approximately $330,000. Blue Trust Inc. raised its holdings in shares of Stewart Information Services by 210.9% in the 3rd quarter. Blue Trust Inc. now owns 2,226 shares of the insurance provider's stock worth $166,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Stewart Information Services by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,641,717 shares of the insurance provider's stock worth $122,702,000 after purchasing an additional 10,811 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Stewart Information Services Stock Down 1.7 %

Shares of STC traded down $1.17 during mid-day trading on Friday, hitting $67.10. 270,582 shares of the company's stock were exchanged, compared to its average volume of 178,318. The firm has a fifty day moving average of $67.96 and a two-hundred day moving average of $70.39. Stewart Information Services Co. has a twelve month low of $56.16 and a twelve month high of $78.44. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 25.81 and a beta of 1.23. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its 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 net margin of 2.94% and a return on equity of 6.81%. On average, sell-side analysts forecast 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 was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.98%. Stewart Information Services's payout ratio is presently 76.92%.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the sale, the director now directly owns 65,330 shares of the company's stock, valued at $4,842,259.60. This represents a 16.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STC. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday. Finally, Stephens restated an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a report on Thursday.

About Stewart Information Services

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.