Stewart Information Services Co. (NYSE:STC) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,577 shares of the insurance provider’s stock after selling 4,581 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.77% of Stewart Information Services worth $8,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings in Stewart Information Services by 74.9% during the 1st quarter. Advisory Services Network LLC now owns 698 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 299 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Stewart Information Services during the 2nd quarter valued at about $29,000. Federated Hermes Inc. increased its holdings in Stewart Information Services by 60.3% during the 1st quarter. Federated Hermes Inc. now owns 2,255 shares of the insurance provider’s stock valued at $137,000 after acquiring an additional 848 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Stewart Information Services during the 2nd quarter valued at about $115,000. Finally, Captrust Financial Advisors increased its holdings in Stewart Information Services by 92.8% during the 1st quarter. Captrust Financial Advisors now owns 2,960 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 1,425 shares in the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Trading Up 1.0 %

Shares of NYSE STC traded up $0.44 during midday trading on Friday, reaching $45.63. 142,684 shares of the stock were exchanged, compared to its average volume of 177,714. The company has a market capitalization of $1.25 billion, a P/E ratio of 35.66 and a beta of 1.07. Stewart Information Services Co. has a 52-week low of $36.01 and a 52-week high of $51.72. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $43.60 and a 200-day moving average price of $41.98.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.15. Stewart Information Services had a net margin of 1.50% and a return on equity of 3.84%. The business had revenue of $601.71 million during the quarter, compared to the consensus estimate of $573.37 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down 16.0% compared to the same quarter last year. Equities research analysts expect that Stewart Information Services Co. will post 2.49 earnings per share for the current fiscal year.

Stewart Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.475 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a dividend yield of 4.16%. Stewart Information Services’s dividend payout ratio (DPR) is currently 148.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Stewart Information Services in a report on Thursday, October 5th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Stewart Information Services currently has a consensus rating of “Hold” and a consensus price target of $51.50.

Stewart Information Services Profile

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