Versor Investments LP Makes New Investment in Stewart Information Services Co. (NYSE:STC)

Versor Investments LP bought a new position in Stewart Information Services Co. (NYSE:STC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the insurance provider's stock, valued at approximately $405,000.

Other hedge funds have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Stewart Information Services in the third quarter worth $3,770,000. Emerald Advisers LLC purchased a new stake in Stewart Information Services during the 3rd quarter valued at about $5,330,000. Atria Investments Inc purchased a new stake in Stewart Information Services during the 3rd quarter valued at about $207,000. Victory Capital Management Inc. increased its holdings in shares of Stewart Information Services by 7.2% in the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider's stock valued at $73,669,000 after purchasing an additional 65,965 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of Stewart Information Services in the third quarter worth about $205,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of 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. Stephens reissued an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, StockNews.com lowered Stewart Information Services from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

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Stewart Information Services Trading Down 0.9 %

Shares of NYSE STC traded down $0.61 during trading on Thursday, hitting $70.12. 84,931 shares of the company were exchanged, compared to its average volume of 195,700. The company has a fifty day moving average price of $66.52 and a 200-day moving average price of $70.25. 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 capitalization of $1.94 billion, a PE ratio of 27.00 and a beta of 1.19. Stewart Information Services Co. has a 12-month low of $58.23 and a 12-month high of $78.44.

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, topping 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%. As a group, equities research analysts expect that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 17th. Stewart Information Services's payout ratio is currently 76.92%.

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.