Mutual of America Capital Management LLC Reduces Stake in Stewart Information Services Co. (NYSE:STC)

Mutual of America Capital Management LLC reduced its holdings in Stewart Information Services Co. (NYSE:STC) by 8.2% during the third quarter, Holdings Channel.com reports. The fund owned 4,163 shares of the insurance provider’s stock after selling 371 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Stewart Information Services were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in STC. Vanguard Group Inc. increased its holdings in shares of Stewart Information Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider’s stock worth $125,070,000 after buying an additional 15,910 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Stewart Information Services by 3.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 24,885 shares of the insurance provider’s stock worth $1,619,000 after purchasing an additional 835 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Stewart Information Services by 8.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,119 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 959 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Stewart Information Services by 2.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 144 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Stewart Information Services by 1.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock valued at $5,211,000 after purchasing an additional 1,217 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Stock Up 0.5 %

Shares of NYSE STC opened at $75.46 on Friday. The firm has a fifty day simple moving average of $71.50 and a two-hundred day simple moving average of $68.81. Stewart Information Services Co. has a 12 month low of $46.40 and a 12 month high of $76.88. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.09 billion, a PE ratio of 35.67 and a beta of 1.21.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.21. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The company had revenue of $667.94 million for the quarter, compared to analysts’ expectations of $638.40 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. Stewart Information Services’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Stewart Information Services Co. will post 3.32 earnings per share for the current year.

Stewart Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.65%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s dividend payout ratio is currently 94.34%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a report 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.