Jacobs Levy Equity Management Inc. Sells 931 Shares of Stewart Information Services Co. (NYSE:STC)

Jacobs Levy Equity Management Inc. lessened its holdings in Stewart Information Services Co. (NYSE:STC) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 101,830 shares of the insurance provider’s stock after selling 931 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Stewart Information Services were worth $6,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. grew its stake in Stewart Information Services by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider’s stock valued at $2,006,000 after purchasing an additional 157 shares during the period. Summit Investment Advisors Inc. grew its stake in Stewart Information Services by 6.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 170 shares during the period. Pitcairn Co. grew its stake in Stewart Information Services by 2.6% in the 4th quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 174 shares during the period. Blue Trust Inc. lifted its position in shares of Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock valued at $182,000 after buying an additional 208 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock valued at $238,000 after buying an additional 296 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Stock Up 0.8%

Shares of NYSE STC opened at $65.25 on Wednesday. Stewart Information Services Co. has a one year low of $58.61 and a one year high of $78.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The business’s fifty day moving average price is $67.59 and its 200-day moving average price is $68.72. The stock has a market capitalization of $1.81 billion, a PE ratio of 25.10 and a beta of 1.01.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $595.50 million. During the same quarter in the prior year, the business earned $0.17 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.07%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

Analysts Set New Price Targets

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

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.