Stewart Information Services Co. (NYSE:STC) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its stake in Stewart Information Services Co. (NYSE:STCFree Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 705,777 shares of the insurance provider’s stock after purchasing an additional 31,211 shares during the quarter. DAVENPORT & Co LLC’s holdings in Stewart Information Services were worth $41,464,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Stewart Information Services by 2.3% in the 1st quarter. BlackRock Inc. now owns 3,991,364 shares of the insurance provider’s stock worth $161,052,000 after acquiring an additional 91,319 shares during the period. Vanguard Group Inc. grew its holdings in Stewart Information Services by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,055,044 shares of the insurance provider’s stock worth $89,683,000 after buying an additional 21,654 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Stewart Information Services by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,730,293 shares of the insurance provider’s stock worth $69,816,000 after buying an additional 169,056 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Stewart Information Services by 37.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,522,904 shares of the insurance provider’s stock worth $65,074,000 after buying an additional 418,922 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Stewart Information Services by 0.3% in the 1st quarter. Macquarie Group Ltd. now owns 1,255,619 shares of the insurance provider’s stock worth $50,664,000 after buying an additional 3,631 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Stock Performance

STC opened at $63.28 on Wednesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 57.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.11 and a quick ratio of 2.11. Stewart Information Services Co. has a 1-year low of $36.81 and a 1-year high of $65.35. The business has a 50 day moving average price of $61.82 and a two-hundred day moving average price of $53.68.

Stewart Information Services (NYSE:STCGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Stewart Information Services had a return on equity of 3.85% and a net margin of 1.35%. The company had revenue of $582.17 million during the quarter, compared to the consensus estimate of $566.46 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. Research analysts predict that Stewart Information Services Co. will post 4.5 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services’s dividend payout ratio (DPR) is presently 171.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STC. Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Stephens restated an “overweight” rating and issued a $76.00 target price on shares of Stewart Information Services in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.33.

View Our Latest Stock Report on Stewart Information Services

Insider Transactions at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total transaction of $757,320.00. Following the transaction, the director now directly owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.79% of the stock is currently owned by company insiders.

Stewart Information Services Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Stewart Information Services (NYSE:STC)

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