Victory Capital Management Inc. Lowers Stock Position in Stewart Information Services Co. (NYSE:STC)

Victory Capital Management Inc. lowered its position in Stewart Information Services Co. (NYSE:STC) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,374 shares of the insurance provider’s stock after selling 289,032 shares during the period. Victory Capital Management Inc. owned about 2.93% of Stewart Information Services worth $47,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Stewart Information Services by 0.6% during the third quarter. Rhumbline Advisers now owns 89,220 shares of the insurance provider’s stock worth $3,908,000 after buying an additional 508 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Stewart Information Services by 5.9% during the third quarter. Natixis Advisors L.P. now owns 10,766 shares of the insurance provider’s stock worth $472,000 after buying an additional 601 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Stewart Information Services by 6.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider’s stock worth $645,000 after buying an additional 860 shares during the last quarter. Deutsche Bank AG increased its holdings in Stewart Information Services by 12.3% during the third quarter. Deutsche Bank AG now owns 14,266 shares of the insurance provider’s stock worth $625,000 after buying an additional 1,565 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Stewart Information Services by 49.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the insurance provider’s stock worth $380,000 after buying an additional 2,147 shares during the last quarter. Hedge funds and other 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. BTIG Research lifted their target price on shares of Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Keefe, Bruyette & Woods raised their price objective on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Finally, Stephens restated an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stewart Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.33.

Insiders Place Their Bets

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of Stewart Information Services stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total transaction of $757,320.00. Following the transaction, the director now directly owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.99% of the company’s stock.

Stewart Information Services Trading Up 1.1 %

Shares of Stewart Information Services stock opened at $63.11 on Monday. Stewart Information Services Co. has a 1 year low of $38.40 and a 1 year high of $65.35. The firm has a market cap of $1.73 billion, a PE 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. The company has a 50 day simple moving average of $61.91 and a two-hundred day simple moving average of $56.69.

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

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Thursday, March 14th. Stewart Information Services’s dividend payout ratio (DPR) is presently 125.00%.

About Stewart Information Services

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.