Stewart Information Services Co. (NYSE:STC) Shares Sold by Boston Partners

Boston Partners lessened its position in Stewart Information Services Co. (NYSE:STC) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,964 shares of the insurance provider’s stock after selling 4,204 shares during the period. Boston Partners’ holdings in Stewart Information Services were worth $5,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in STC. Swiss National Bank lifted its position in Stewart Information Services by 0.9% in the fourth quarter. Swiss National Bank now owns 54,400 shares of the insurance provider’s stock valued at $3,671,000 after purchasing an additional 500 shares during the period. Amundi lifted its holdings in shares of Stewart Information Services by 186.9% in the 4th quarter. Amundi now owns 13,980 shares of the insurance provider’s stock valued at $872,000 after buying an additional 9,107 shares during the period. Inceptionr LLC acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at approximately $356,000. Raymond James Financial Inc. purchased a new stake in shares of Stewart Information Services in the fourth quarter valued at approximately $4,034,000. Finally, Proficio Capital Partners LLC acquired a new position in Stewart Information Services during the fourth quarter worth $749,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on STC shares. StockNews.com upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Stephens reissued an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

Stewart Information Services Stock Down 0.9 %

Stewart Information Services stock opened at $70.27 on Friday. Stewart Information Services Co. has a fifty-two week low of $58.23 and a fifty-two week high of $78.44. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 27.03 and a beta of 1.19. The stock’s fifty day moving average is $67.60 and its two-hundred day moving average is $70.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. Analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.85%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

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.