Stewart Information Services Co. (NYSE:STC) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 3.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,093 shares of the insurance provider’s stock after selling 285 shares during the period. Amalgamated Bank’s holdings in Stewart Information Services were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Stewart Information Services by 57.7% in the second quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 262 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Stewart Information Services during the third quarter valued at $61,000. Kings Path Partners LLC purchased a new position in Stewart Information Services in the second quarter valued at about $65,000. nVerses Capital LLC acquired a new position in Stewart Information Services in the 2nd quarter worth about $74,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Stewart Information Services during the 1st quarter worth about $111,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Trading Up 1.3 %

Shares of STC opened at $73.44 on Friday. Stewart Information Services Co. has a 52-week low of $45.12 and a 52-week high of $76.83. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 34.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a fifty day moving average price of $71.36 and a two-hundred day moving average price of $68.13.

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

Stewart Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. Stewart Information Services’s dividend payout ratio is presently 94.34%.

Analyst Ratings Changes

A number of brokerages recently issued reports on STC. Keefe, Bruyette & Woods upped 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 report on Wednesday, September 4th. BTIG Research upped their price target on Stewart Information Services from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Stephens reissued an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a research note on Thursday, July 25th.

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.