Stewart Information Services Co. (NYSE:STC) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its holdings in Stewart Information Services Co. (NYSE:STC) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,676 shares of the insurance provider’s stock after selling 786 shares during the quarter. Pitcairn Co.’s holdings in Stewart Information Services were worth $499,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Stewart Information Services by 906.9% during the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock worth $40,733,000 after purchasing an additional 590,977 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Stewart Information Services by 149.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider’s stock worth $25,568,000 after buying an additional 204,688 shares during the last quarter. Emerald Advisers LLC acquired a new stake in Stewart Information Services in the third quarter valued at $5,330,000. Victory Capital Management Inc. boosted its stake in Stewart Information Services by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock valued at $73,669,000 after acquiring an additional 65,965 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Stewart Information Services in the 3rd quarter worth about $3,770,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

Shares of NYSE:STC opened at $76.33 on Tuesday. The company has a market cap of $2.12 billion, a PE ratio of 36.00 and a beta of 1.21. Stewart Information Services Co. has a fifty-two week low of $45.53 and a fifty-two week high of $76.88. The firm has a 50-day simple moving average of $71.47 and a 200 day simple moving average of $68.59. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. The company had revenue of $667.94 million during the quarter, compared to analyst estimates of $638.40 million. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, sell-side analysts anticipate that Stewart Information Services Co. will post 3.32 EPS for the current year.

Stewart Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, September 16th. Stewart Information Services’s dividend payout ratio (DPR) is presently 94.34%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th.

Stewart Information Services Profile

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.