Stewart Information Services Corporation $STC Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its position in Stewart Information Services Corporation (NYSE:STC) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,440 shares of the insurance provider’s stock after selling 22,245 shares during the period. Stewart Information Services makes up about 1.7% of Tributary Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Tributary Capital Management LLC owned approximately 1.06% of Stewart Information Services worth $19,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of STC. Farther Finance Advisors LLC lifted its stake in Stewart Information Services by 2,735.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider’s stock valued at $98,000 after buying an additional 1,450 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Stewart Information Services by 44,842.9% in the 1st quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider’s stock valued at $224,000 after buying an additional 3,139 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Stewart Information Services in the 1st quarter valued at approximately $227,000. Nisa Investment Advisors LLC lifted its stake in Stewart Information Services by 13.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,533 shares of the insurance provider’s stock valued at $252,000 after buying an additional 418 shares in the last quarter. Finally, Pinnacle Financial Partners Inc purchased a new stake in Stewart Information Services in the 1st quarter valued at approximately $283,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling at Stewart Information Services

In related news, CFO David C. Hisey sold 2,224 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $64.39, for a total value of $143,203.36. Following the completion of the sale, the chief financial officer directly owned 58,359 shares in the company, valued at approximately $3,757,736.01. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brad Rable sold 5,694 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $65.32, for a total value of $371,932.08. Following the completion of the sale, the insider owned 23,872 shares of the company’s stock, valued at approximately $1,559,319.04. This represents a 19.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stewart Information Services in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Stewart Information Services Trading Up 4.9%

Shares of STC opened at $74.98 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $2.10 billion, a P/E ratio of 24.11 and a beta of 0.96. The stock’s fifty day simple moving average is $72.20 and its 200 day simple moving average is $66.83. Stewart Information Services Corporation has a twelve month low of $56.39 and a twelve month high of $78.44.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, October 22nd. The insurance provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.22. The business had revenue of $791.30 million for the quarter, compared to analyst estimates of $737.30 million. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%.The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. On average, equities research analysts forecast that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.525 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $2.10 annualized dividend and a yield of 2.8%. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.50. Stewart Information Services’s payout ratio is currently 67.52%.

Stewart Information Services Company 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.