BlackRock Inc. boosted its position in shares of Stewart Information Services Corp (NYSE:STC) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,486,404 shares of the insurance provider’s stock after acquiring an additional 145,621 shares during the period. BlackRock Inc. owned 14.69% of Stewart Information Services worth $144,339,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new stake in shares of Stewart Information Services in the fourth quarter valued at about $374,000. State of Alaska Department of Revenue raised its holdings in Stewart Information Services by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 11,105 shares of the insurance provider’s stock worth $459,000 after purchasing an additional 331 shares in the last quarter. Caldera Capital LLC bought a new position in Stewart Information Services in the fourth quarter worth about $496,000. MetLife Investment Advisors LLC raised its holdings in Stewart Information Services by 51.9% in the third quarter. MetLife Investment Advisors LLC now owns 16,693 shares of the insurance provider’s stock worth $751,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Man Group plc raised its holdings in Stewart Information Services by 111.2% in the third quarter. Man Group plc now owns 17,322 shares of the insurance provider’s stock worth $780,000 after purchasing an additional 9,119 shares in the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.
In other news, insider Steven Mark Lessack sold 1,093 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $42.77, for a total transaction of $46,747.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.29% of the company’s stock.
Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Thursday, February 14th. The insurance provider reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.12). Stewart Information Services had a return on equity of 7.63% and a net margin of 2.49%. The company had revenue of $469.93 million during the quarter. During the same quarter in the previous year, the company posted $0.74 EPS. On average, equities research analysts forecast that Stewart Information Services Corp will post 3.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services’s payout ratio is 55.56%.
Several equities analysts have recently issued reports on STC shares. ValuEngine downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Cormark reiterated an “average” rating on shares of Stewart Information Services in a research report on Friday, February 15th. Finally, Zacks Investment Research lowered Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.67.
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Stewart Information Services Company Profile
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
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