Texas Permanent School Fund Buys 463 Shares of Stewart Information Services Co. (NYSE:STC)

Texas Permanent School Fund grew its stake in Stewart Information Services Co. (NYSE:STCGet Rating) by 2.4% in the second quarter, HoldingsChannel reports. The fund owned 19,527 shares of the insurance provider’s stock after acquiring an additional 463 shares during the period. Texas Permanent School Fund’s holdings in Stewart Information Services were worth $971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Comerica Bank raised its stake in shares of Stewart Information Services by 1.0% during the first quarter. Comerica Bank now owns 23,601 shares of the insurance provider’s stock worth $1,278,000 after buying an additional 223 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Stewart Information Services during the first quarter worth approximately $813,000. Mutual of America Capital Management LLC raised its stake in shares of Stewart Information Services by 5.4% during the first quarter. Mutual of America Capital Management LLC now owns 3,874 shares of the insurance provider’s stock worth $235,000 after buying an additional 200 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Stewart Information Services by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 25,090 shares of the insurance provider’s stock worth $1,521,000 after buying an additional 1,310 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Stewart Information Services by 64.0% during the first quarter. New York State Common Retirement Fund now owns 42,779 shares of the insurance provider’s stock worth $2,593,000 after buying an additional 16,690 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STC shares. TheStreet downgraded shares of Stewart Information Services from a “b-” rating to a “c+” rating in a research note on Thursday, November 3rd. StockNews.com cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, October 27th.

Stewart Information Services Stock Up 1.8 %

Shares of NYSE STC opened at $40.71 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 4.75 and a beta of 1.07. The firm has a 50 day moving average price of $42.88 and a 200 day moving average price of $49.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.50 and a current ratio of 2.50. Stewart Information Services Co. has a 52-week low of $35.96 and a 52-week high of $81.00.

Stewart Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Wednesday, September 14th. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.38. Stewart Information Services’s dividend payout ratio is 21.00%.

About Stewart Information Services

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding STC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stewart Information Services Co. (NYSE:STCGet Rating).

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

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