Stewart Information Services Co. (NYSE:STC) Shares Bought by Algert Global LLC

Algert Global LLC boosted its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 18,385 shares of the insurance provider’s stock after buying an additional 2,502 shares during the period. Algert Global LLC’s holdings in Stewart Information Services were worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new stake in shares of Stewart Information Services during the 4th quarter worth $385,000. Principal Financial Group Inc. boosted its position in shares of Stewart Information Services by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider’s stock valued at $9,070,000 after purchasing an additional 3,938 shares during the period. Proficio Capital Partners LLC purchased a new position in Stewart Information Services in the 4th quarter worth about $749,000. SG Americas Securities LLC raised its holdings in Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider’s stock worth $911,000 after buying an additional 9,077 shares during the period. Finally, Barclays PLC lifted its stake in Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock valued at $3,400,000 after buying an additional 35,088 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Stewart Information Services Stock Performance

Shares of STC opened at $63.76 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 24.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The company’s 50 day moving average price is $67.80 and its 200 day moving average price is $68.78. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The company had revenue of $608.90 million during the quarter, compared to analyst estimates of $595.50 million. During the same period last year, the company posted $0.17 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Research analysts expect that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.14%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STC shares. Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, February 7th. StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Stephens reaffirmed an “overweight” rating and issued a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th.

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.