Stewart Information Services Co. (NYSE:STC) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stewart Information Services Co. (NYSE:STC) by 49.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,466 shares of the insurance provider’s stock after purchasing an additional 2,147 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stewart Information Services were worth $380,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Stewart Information Services in the 3rd quarter valued at about $227,000. SG Americas Securities LLC purchased a new position in shares of Stewart Information Services in the 3rd quarter valued at about $236,000. Nisa Investment Advisors LLC increased its holdings in shares of Stewart Information Services by 215.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 4,550 shares during the last quarter. Trust Point Inc. purchased a new position in shares of Stewart Information Services in the 4th quarter valued at about $532,000. Finally, Natixis Advisors L.P. increased its holdings in shares of Stewart Information Services by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 10,766 shares of the insurance provider’s stock valued at $472,000 after acquiring an additional 601 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Trading Up 1.1 %

NYSE:STC opened at $63.11 on Friday. The stock has a fifty day moving average price of $61.91 and a two-hundred day moving average price of $56.59. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 41.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.11 and a current ratio of 1.95. Stewart Information Services Co. has a 1 year low of $38.40 and a 1 year high of $65.35.

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

Stewart Information Services Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on STC shares. Stephens reiterated an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a report on Thursday, April 25th. BTIG Research upped their target price on Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods upped their target price on 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. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.33.

Insider Buying and Selling at Stewart Information Services

In related news, Director Matthew Morris sold 12,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total transaction of $757,320.00. Following the sale, the director now owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.