Voya Investment Management LLC Sells 619 Shares of Stewart Information Services Co. (NYSE:STC)

Voya Investment Management LLC lessened its stake in shares of Stewart Information Services Co. (NYSE:STC) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,182 shares of the insurance provider’s stock after selling 619 shares during the period. Voya Investment Management LLC’s holdings in Stewart Information Services were worth $552,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital International Investors acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at approximately $15,890,000. Raymond James Financial Inc. acquired a new stake in shares of Stewart Information Services in the fourth quarter valued at approximately $4,034,000. JPMorgan Chase & Co. lifted its holdings in Stewart Information Services by 93.7% during the 4th quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider’s stock valued at $6,992,000 after purchasing an additional 50,113 shares during the last quarter. Barclays PLC boosted its holdings in shares of Stewart Information Services by 337.0% during the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock worth $3,400,000 after buying an additional 35,088 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Stewart Information Services by 12.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider’s stock worth $19,759,000 after acquiring an additional 32,638 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Stock Down 1.2 %

STC stock opened at $63.76 on Friday. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The business has a 50-day simple moving average of $67.80 and a 200 day simple moving average of $68.78. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.77 billion, a PE ratio of 24.52 and a beta of 1.01.

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

Stewart Information Services Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Stephens reissued an “overweight” rating and issued a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lifted 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.

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.