BlackRock Inc. Increases Stake in Stewart Information Services Corp (STC)

BlackRock Inc. lifted its stake in shares of Stewart Information Services Corp (NYSE:STC) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,920,560 shares of the insurance provider’s stock after purchasing an additional 59,925 shares during the period. BlackRock Inc. owned approximately 12.29% of Stewart Information Services worth $123,541,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System lifted its position in shares of Stewart Information Services by 8.4% during the third quarter. California Public Employees Retirement System now owns 16,701 shares of the insurance provider’s stock worth $631,000 after purchasing an additional 1,301 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Stewart Information Services by 38.6% during the third quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 1,527 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Stewart Information Services by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 345,372 shares of the insurance provider’s stock worth $14,609,000 after purchasing an additional 1,560 shares in the last quarter. Commonwealth Equity Services Inc lifted its position in shares of Stewart Information Services by 11.5% during the third quarter. Commonwealth Equity Services Inc now owns 21,583 shares of the insurance provider’s stock worth $814,000 after purchasing an additional 2,219 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Stewart Information Services by 39.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 10,536 shares of the insurance provider’s stock worth $446,000 after purchasing an additional 2,963 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

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Shares of Stewart Information Services stock opened at $43.05 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $1,037.14, a P/E ratio of 20.90 and a beta of 1.01. Stewart Information Services Corp has a 12 month low of $34.48 and a 12 month high of $48.03.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. The business had revenue of $525.60 million during the quarter, compared to the consensus estimate of $504.30 million. Stewart Information Services had a net margin of 2.49% and a return on equity of 7.42%. Stewart Information Services’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. analysts predict that Stewart Information Services Corp will post 3.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, March 14th. Stewart Information Services’s dividend payout ratio (DPR) is 58.25%.

A number of research firms recently weighed in on STC. Zacks Investment Research raised shares of Stewart Information Services from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 price target on shares of Stewart Information Services in a research note on Friday, December 22nd.

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Stewart Information Services Company Profile

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.

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

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