Axa Has $1.69 Million Holdings in Stewart Information Services Corp (STC)

Axa grew its stake in shares of Stewart Information Services Corp (NYSE:STC) by 103.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the insurance provider’s stock after acquiring an additional 20,300 shares during the quarter. Axa’s holdings in Stewart Information Services were worth $1,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of Stewart Information Services by 8.4% during the 3rd quarter. California Public Employees Retirement System now owns 16,701 shares of the insurance provider’s stock valued at $631,000 after acquiring an additional 1,301 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Stewart Information Services by 38.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock valued at $207,000 after acquiring an additional 1,527 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Stewart Information Services by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 345,372 shares of the insurance provider’s stock valued at $14,609,000 after acquiring an additional 1,560 shares during the last quarter. Commonwealth Equity Services Inc boosted its holdings in shares of Stewart Information Services by 11.5% during the 3rd quarter. Commonwealth Equity Services Inc now owns 21,583 shares of the insurance provider’s stock valued at $814,000 after acquiring an additional 2,219 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Stewart Information Services by 39.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,536 shares of the insurance provider’s stock valued at $446,000 after acquiring an additional 2,963 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of STC stock opened at $43.94 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $965.76, a PE ratio of 21.33 and a beta of 1.01. Stewart Information Services Corp has a 1-year low of $34.48 and a 1-year high of $48.03.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $525.60 million for the quarter, compared to the consensus estimate of $504.30 million. Stewart Information Services had a net margin of 2.49% and a return on equity of 7.42%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. sell-side analysts forecast that Stewart Information Services Corp will post 3.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, March 14th. Stewart Information Services’s payout ratio is 58.25%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Stewart Information Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price target on shares of Stewart Information Services in a report on Friday, December 22nd.

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About Stewart Information Services

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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Institutional Ownership by Quarter for Stewart Information Services (NYSE:STC)

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