First National Bank of Omaha Sells 336 Shares of Stewart Information Services Co. (NYSE:STC)

First National Bank of Omaha decreased its holdings in Stewart Information Services Co. (NYSE:STC) by 3.4% in the third quarter, Holdings Channel reports. The fund owned 9,623 shares of the insurance provider’s stock after selling 336 shares during the quarter. First National Bank of Omaha’s holdings in Stewart Information Services were worth $719,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Stewart Information Services by 57.7% in the second quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 262 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Stewart Information Services in the third quarter worth about $61,000. Kings Path Partners LLC bought a new stake in Stewart Information Services in the second quarter worth about $65,000. nVerses Capital LLC bought a new stake in Stewart Information Services in the second quarter worth about $74,000. Finally, Heritage Family Offices LLP bought a new stake in Stewart Information Services in the second quarter worth about $204,000. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Stock Performance

Shares of NYSE:STC opened at $75.16 on Monday. The firm has a market cap of $2.08 billion, a PE ratio of 35.45 and a beta of 1.22. The firm’s 50 day simple moving average is $71.66 and its 200-day simple moving average is $69.38. Stewart Information Services Co. has a one year low of $52.29 and a one year high of $76.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. The business had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. As a group, equities analysts predict that Stewart Information Services Co. will post 3.32 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, December 16th. Stewart Information Services’s dividend payout ratio (DPR) is presently 94.34%.

Insider Activity at Stewart Information Services

In related news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total transaction of $956,073.88. Following the transaction, the director now directly owns 65,330 shares of the company’s stock, valued at $4,842,259.60. This trade represents a 16.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price objective on shares of 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.

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.