Stewart Information Services Co. (NYSE:STC) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in Stewart Information Services Co. (NYSE:STC) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,385 shares of the insurance provider’s stock after purchasing an additional 2,502 shares during the period. Algert Global LLC owned 0.07% of Stewart Information Services worth $1,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXA S.A. bought a new stake in shares of Stewart Information Services in the 4th quarter valued at approximately $2,643,000. Schonfeld Strategic Advisors LLC bought a new stake in Stewart Information Services during the fourth quarter valued at $297,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Stewart Information Services by 12.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,152 shares of the insurance provider’s stock worth $1,428,000 after purchasing an additional 2,386 shares during the period. State of Tennessee Department of Treasury lifted its position in shares of Stewart Information Services by 29.8% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,065 shares of the insurance provider’s stock worth $612,000 after buying an additional 2,081 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Stewart Information Services by 7.4% in the 4th quarter. MetLife Investment Management LLC now owns 16,496 shares of the insurance provider’s stock worth $1,113,000 after buying an additional 1,134 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Stewart Information Services Price Performance

Shares of NYSE:STC opened at $63.76 on Friday. The firm’s 50 day moving average is $67.80 and its two-hundred day moving average is $68.78. The firm has a market capitalization of $1.77 billion, a P/E ratio of 24.52 and a beta of 1.01. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The business had revenue of $608.90 million for the quarter, compared to the consensus estimate of $595.50 million. During the same period in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. Analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.14%. Stewart Information Services’s payout ratio is 76.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th. StockNews.com cut Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Stephens restated an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th.

Stewart Information Services 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.