Fmr LLC Has $185.98 Million Stake in Stewart Information Services Co. (NYSE:STC)

Fmr LLC lifted its holdings in Stewart Information Services Co. (NYSE:STC) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,488,342 shares of the insurance provider’s stock after acquiring an additional 8,853 shares during the quarter. Fmr LLC owned approximately 8.99% of Stewart Information Services worth $185,979,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its stake in Stewart Information Services by 2.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 144 shares in the last quarter. Arizona State Retirement System lifted its position in Stewart Information Services by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 7,688 shares of the insurance provider’s stock worth $477,000 after buying an additional 168 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Stewart Information Services by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,538 shares of the insurance provider’s stock worth $840,000 after acquiring an additional 186 shares during the last quarter. Blue Trust Inc. increased its position in Stewart Information Services by 57.7% in the 2nd quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 262 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Stewart Information Services by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the insurance provider’s stock worth $863,000 after acquiring an additional 300 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target on shares of Stewart Information Services from $71.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th.

Insider Buying and Selling

In related news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total transaction of $956,073.88. Following the transaction, the director now owns 65,330 shares of the company’s stock, valued at $4,842,259.60. This trade represents a 16.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $76.37 on Tuesday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 36.02 and a beta of 1.21. Stewart Information Services Co. has a 12-month low of $49.40 and a 12-month high of $76.88. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $71.53 and its 200 day simple moving average is $69.10.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $638.40 million. During the same quarter in the previous year, the company earned $0.86 EPS. Stewart Information Services’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Stewart Information Services Co. will post 3.32 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.62%. Stewart Information Services’s dividend payout ratio is currently 94.34%.

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.