Wells Fargo & Company MN Grows Position in Stewart Information Services Co. (NYSE:STC)

Wells Fargo & Company MN grew its position in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,836 shares of the insurance provider's stock after acquiring an additional 5,575 shares during the quarter. Wells Fargo & Company MN owned 0.18% of Stewart Information Services worth $3,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of STC. Smartleaf Asset Management LLC lifted its position in shares of Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. KBC Group NV lifted its position in shares of Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider's stock worth $104,000 after buying an additional 572 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after buying an additional 208 shares in the last quarter. Heritage Family Offices LLP boosted its stake in shares of Stewart Information Services by 9.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider's stock worth $238,000 after buying an additional 296 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of Stewart Information Services in the fourth quarter valued at approximately $356,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STC has been the topic of several research analyst reports. StockNews.com raised Stewart Information Services from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Finally, Stephens restated an "overweight" rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th.

Stewart Information Services Price Performance

Shares of NYSE STC opened at $65.88 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $68.90 and a two-hundred day simple moving average of $69.13. Stewart Information Services Co. has a 1-year low of $58.61 and a 1-year high of $78.44. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 25.34 and a beta of 1.05.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share 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%. Analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.04%. Stewart Information Services's payout ratio is 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.

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