Rhumbline Advisers Has $5.83 Million Stock Holdings in Stewart Information Services Co. (NYSE:STC)

Rhumbline Advisers cut its position in Stewart Information Services Co. (NYSE:STC) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,744 shares of the insurance provider’s stock after selling 3,379 shares during the period. Rhumbline Advisers’ holdings in Stewart Information Services were worth $5,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 759 shares in the last quarter. State of Wyoming raised its position in shares of Stewart Information Services by 84.0% during the fourth quarter. State of Wyoming now owns 1,461 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 667 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Stewart Information Services by 6.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 170 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Stewart Information Services by 7.5% during the 4th quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider’s stock worth $201,000 after purchasing an additional 208 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

Stewart Information Services Price Performance

Shares of NYSE STC opened at $64.32 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.80 billion, a PE ratio of 24.74 and a beta of 0.98. Stewart Information Services Co. has a 1-year low of $58.61 and a 1-year high of $78.44. The company has a fifty day moving average price of $63.93 and a 200 day moving average price of $67.31.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. Stewart Information Services’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. Research analysts predict that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. Stewart Information Services’s dividend payout ratio is 76.92%.

Insiders Place Their Bets

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average cost of $59.63 per share, for a total transaction of $59,630.00. Following the purchase, the director now owns 20,243 shares of the company’s stock, valued at approximately $1,207,090.09. This trade represents a 5.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

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.