Stewart Information Services Co. (NYSE:STC) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 59.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,761 shares of the insurance provider's stock after selling 8,293 shares during the quarter. US Bancorp DE's holdings in Stewart Information Services were worth $431,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Stewart Information Services by 906.9% in the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider's stock valued at $40,733,000 after buying an additional 590,977 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Stewart Information Services in the second quarter valued at $8,530,000. Victory Capital Management Inc. boosted its stake in shares of Stewart Information Services by 3.4% during the second quarter. Victory Capital Management Inc. now owns 919,708 shares of the insurance provider's stock valued at $57,095,000 after acquiring an additional 29,864 shares during the last quarter. Vanguard Group Inc. increased its position in Stewart Information Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider's stock worth $125,070,000 after purchasing an additional 15,910 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in 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 valued at $122,702,000 after purchasing an additional 10,811 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Stewart Information Services Trading Down 0.5 %

Shares of STC traded down $0.37 during mid-day trading on Tuesday, hitting $72.37. The company had a trading volume of 96,939 shares, compared to its average volume of 185,729. Stewart Information Services Co. has a 1-year low of $44.05 and a 1-year high of $76.83. The company has a quick ratio of 1.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The business's 50-day simple moving average is $71.40 and its 200-day simple moving average is $67.93. The stock has a market cap of $2.00 billion, a PE ratio of 34.34 and a beta of 1.21.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.21. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The company had revenue of $667.94 million for the quarter, compared to the consensus estimate of $638.40 million. During the same period last year, the business posted $0.86 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Stewart Information Services Co. will post 3.32 earnings per share for the current year.

Stewart Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.50 per share. This is a positive change from Stewart Information Services's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.76%. Stewart Information Services's payout ratio is presently 94.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stephens reiterated an "overweight" rating and set a $79.00 price target on shares of Stewart Information Services in a report on Thursday, July 25th. BTIG Research lifted their target price on shares of Stewart Information Services from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $71.00 to $75.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th.

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.