New York State Common Retirement Fund reduced its position in shares of Stewart Information Services Corp (NYSE:STC) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,000 shares of the insurance provider’s stock after selling 3,100 shares during the period. New York State Common Retirement Fund owned about 0.10% of Stewart Information Services worth $952,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new stake in shares of Stewart Information Services during the fourth quarter worth about $374,000. State of Alaska Department of Revenue grew its holdings in shares of Stewart Information Services by 3.1% during the fourth quarter. State of Alaska Department of Revenue now owns 11,105 shares of the insurance provider’s stock worth $459,000 after buying an additional 331 shares during the last quarter. Caldera Capital LLC purchased a new position in shares of Stewart Information Services during the fourth quarter worth about $496,000. MetLife Investment Advisors LLC grew its holdings in shares of Stewart Information Services by 51.9% during the third quarter. MetLife Investment Advisors LLC now owns 16,693 shares of the insurance provider’s stock worth $751,000 after buying an additional 5,700 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Stewart Information Services by 111.2% during the third quarter. Man Group plc now owns 17,322 shares of the insurance provider’s stock worth $780,000 after buying an additional 9,119 shares during the last quarter. Institutional investors and hedge funds own 87.13% of the company’s stock.
Shares of NYSE:STC traded down $0.06 during trading on Friday, hitting $43.83. 43,526 shares of the stock were exchanged, compared to its average volume of 134,065. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 20.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.70 and a quick ratio of 2.70. Stewart Information Services Corp has a 12-month low of $39.47 and a 12-month high of $45.75.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. Stewart Information Services’s dividend payout ratio is currently 55.56%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Stewart Information Services from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, April 11th. Cormark reaffirmed an “average” rating on shares of Stewart Information Services in a report on Friday, February 15th. Finally, ValuEngine lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.67.
In related news, insider Steven Mark Lessack sold 1,093 shares of Stewart Information Services 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 can be accessed through this link. Insiders own 2.29% of the company’s stock.
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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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