SG Americas Securities LLC Makes New $813,000 Investment in Stewart Information Services Co. (NYSE:STC)

SG Americas Securities LLC purchased a new position in Stewart Information Services Co. (NYSE:STCGet Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,414 shares of the insurance provider’s stock, valued at approximately $813,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Summit Global Investments grew its position in Stewart Information Services by 112.7% in the 1st quarter. Summit Global Investments now owns 44,456 shares of the insurance provider’s stock worth $2,695,000 after purchasing an additional 23,556 shares during the last quarter. Comerica Bank lifted its holdings in shares of Stewart Information Services by 1.0% during the 1st quarter. Comerica Bank now owns 23,601 shares of the insurance provider’s stock worth $1,278,000 after acquiring an additional 223 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Stewart Information Services by 6.6% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 209,590 shares of the insurance provider’s stock worth $12,703,000 after acquiring an additional 13,046 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Stewart Information Services by 325.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 18,370 shares of the insurance provider’s stock worth $1,114,000 after acquiring an additional 14,049 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in shares of Stewart Information Services by 5.0% during the 1st quarter. Tributary Capital Management LLC now owns 252,528 shares of the insurance provider’s stock worth $15,306,000 after acquiring an additional 12,078 shares during the period. 92.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STC has been the subject of a number of analyst reports. BTIG Research reduced their price objective on shares of Stewart Information Services from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, July 8th. StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, July 28th.

Insider Transactions at Stewart Information Services

In other Stewart Information Services news, CEO Frederick H. Eppinger purchased 1,500 shares of the stock in a transaction dated Wednesday, June 15th. The stock was bought at an average price of $48.91 per share, for a total transaction of $73,365.00. Following the transaction, the chief executive officer now directly owns 94,762 shares in the company, valued at $4,634,809.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Steven Mark Lessack acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $55.20 per share, for a total transaction of $165,600.00. Following the completion of the acquisition, the insider now owns 9,291 shares in the company, valued at $512,863.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick H. Eppinger acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were purchased at an average price of $48.91 per share, with a total value of $73,365.00. Following the acquisition, the chief executive officer now owns 94,762 shares of the company’s stock, valued at approximately $4,634,809.42. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Stewart Information Services Trading Down 0.2 %

Shares of NYSE STC opened at $54.53 on Tuesday. Stewart Information Services Co. has a 1-year low of $45.63 and a 1-year high of $81.00. The company has a market cap of $1.47 billion, a PE ratio of 5.07 and a beta of 1.14. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $51.59 and a two-hundred day moving average of $58.77.

Stewart Information Services (NYSE:STCGet Rating) last announced its earnings results on Wednesday, July 27th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.42. Stewart Information Services had a net margin of 8.40% and a return on equity of 22.56%. The company had revenue of $844.07 million during the quarter, compared to the consensus estimate of $757.03 million. During the same period in the previous year, the firm posted $3.17 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Stewart Information Services Co. will post 8.05 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Tuesday, June 14th. Stewart Information Services’s dividend payout ratio is 13.95%.

Stewart Information Services Company Profile

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Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates in two segments, Title, and Ancillary Services and Corporate. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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

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