Thompson Siegel & Walmsley LLC lifted its holdings in shares of Stewart Information Services Corporation (NYSE:STC) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 616,724 shares of the insurance provider’s stock after acquiring an additional 155,770 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 2.60% of Stewart Information Services worth $23,288,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of STC. Flinton Capital Management LLC boosted its stake in Stewart Information Services by 102.2% in the 2nd quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 1,316 shares during the period. SG Americas Securities LLC boosted its stake in Stewart Information Services by 56.3% in the 2nd quarter. SG Americas Securities LLC now owns 3,952 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 1,423 shares during the period. LMR Partners LLP bought a new stake in Stewart Information Services in the 2nd quarter valued at $228,000. Piedmont Investment Advisors LLC bought a new stake in Stewart Information Services in the 2nd quarter valued at $232,000. Finally, Aperio Group LLC bought a new stake in Stewart Information Services in the 2nd quarter valued at $254,000. Institutional investors own 86.68% of the company’s stock.
Shares of Stewart Information Services Corporation (NYSE STC) traded up $0.20 on Thursday, reaching $40.39. The company’s stock had a trading volume of 121,775 shares, compared to its average volume of 121,459. Stewart Information Services Corporation has a fifty-two week low of $34.48 and a fifty-two week high of $48.03. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.21. The firm has a market cap of $951.99, a PE ratio of 19.53 and a beta of 0.92.
Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.25). Stewart Information Services had a net margin of 2.57% and a return on equity of 7.37%. The company had revenue of $498.05 million during the quarter, compared to the consensus estimate of $470.30 million. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis. equities analysts forecast that Stewart Information Services Corporation will post 2.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. Stewart Information Services’s payout ratio is 56.07%.
A number of research firms have recently weighed in on STC. Keefe, Bruyette & Woods upgraded Stewart Information Services from an “underperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. BidaskClub cut Stewart Information Services from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research cut Stewart Information Services from a “hold” rating to a “sell” rating in a report on Saturday, November 18th.
About Stewart Information Services
Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.
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