New York State Common Retirement Fund Has $3.71 Million Stock Holdings in Stewart Information Services Co. (NYSE:STC)

New York State Common Retirement Fund cut its position in shares of Stewart Information Services Co. (NYSE:STC) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,056 shares of the insurance provider’s stock after selling 3,783 shares during the quarter. New York State Common Retirement Fund owned 0.23% of Stewart Information Services worth $3,705,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Stewart Information Services by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 943,695 shares of the insurance provider’s stock worth $41,334,000 after buying an additional 51,044 shares in the last quarter. DAVENPORT & Co LLC grew its position in Stewart Information Services by 4.6% during the fourth quarter. DAVENPORT & Co LLC now owns 705,777 shares of the insurance provider’s stock worth $41,464,000 after buying an additional 31,211 shares in the last quarter. First Eagle Investment Management LLC grew its position in Stewart Information Services by 7.6% during the third quarter. First Eagle Investment Management LLC now owns 252,680 shares of the insurance provider’s stock worth $11,067,000 after buying an additional 17,915 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Stewart Information Services by 7.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 226,239 shares of the insurance provider’s stock worth $9,909,000 after buying an additional 15,662 shares in the last quarter. Finally, Heartland Advisors Inc. grew its position in Stewart Information Services by 15.8% during the third quarter. Heartland Advisors Inc. now owns 214,150 shares of the insurance provider’s stock worth $9,380,000 after buying an additional 29,150 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the completion of the sale, the director now owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STC shares. BTIG Research lifted their target price on Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Keefe, Bruyette & Woods raised their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Finally, Stephens restated an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Stewart Information Services Stock Up 1.1 %

Shares of STC opened at $63.11 on Monday. The company has a market capitalization of $1.73 billion, a P/E ratio of 41.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 2.11. Stewart Information Services Co. has a one year low of $38.40 and a one year high of $65.35. The business’s 50 day simple moving average is $61.91 and its 200-day simple moving average is $56.69.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. The business had revenue of $554.32 million for the quarter. As a group, sell-side analysts predict that Stewart Information Services Co. will post 4.5 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.475 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.90 annualized dividend and a dividend yield of 3.01%. Stewart Information Services’s dividend payout ratio is currently 125.00%.

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.