Jacobs Levy Equity Management Inc. Has $6.87 Million Holdings in Stewart Information Services Co. (NYSE:STC)

Jacobs Levy Equity Management Inc. decreased its position in shares of Stewart Information Services Co. (NYSE:STC) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,830 shares of the insurance provider’s stock after selling 931 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.37% of Stewart Information Services worth $6,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG increased its holdings in shares of Stewart Information Services by 55.4% during the fourth quarter. Deutsche Bank AG now owns 23,233 shares of the insurance provider’s stock valued at $1,568,000 after acquiring an additional 8,284 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Stewart Information Services during the fourth quarter valued at approximately $352,000. Balyasny Asset Management L.P. bought a new stake in shares of Stewart Information Services during the fourth quarter valued at approximately $403,000. Bank of America Corp DE increased its holdings in shares of Stewart Information Services by 4.1% during the fourth quarter. Bank of America Corp DE now owns 316,444 shares of the insurance provider’s stock valued at $21,357,000 after acquiring an additional 12,455 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Stewart Information Services by 15.8% during the fourth quarter. Algert Global LLC now owns 18,385 shares of the insurance provider’s stock valued at $1,241,000 after acquiring an additional 2,502 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

STC has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Stephens restated an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, StockNews.com downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, April 24th.

Stewart Information Services Trading Up 0.8%

Shares of Stewart Information Services stock opened at $65.25 on Wednesday. The stock has a fifty day simple moving average of $67.59 and a 200 day simple moving average of $68.72. Stewart Information Services Co. has a 12-month low of $58.61 and a 12-month high of $78.44. The company has a market capitalization of $1.81 billion, a P/E ratio of 25.10 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 (NYSE:STC) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The company had revenue of $608.90 million for the quarter, compared to the consensus estimate of $595.50 million. During the same quarter last year, the company posted $0.17 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.07%. Stewart Information Services’s dividend payout ratio (DPR) is currently 76.92%.

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.