Stewart Information Services Co. (NYSE:STC) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its position in Stewart Information Services Co. (NYSE:STC) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,400 shares of the insurance provider’s stock after buying an additional 500 shares during the period. Swiss National Bank’s holdings in Stewart Information Services were worth $3,671,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Stewart Information Services by 149.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider’s stock valued at $25,568,000 after buying an additional 204,688 shares in the last quarter. State Street Corp lifted its holdings in Stewart Information Services by 16.8% in the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider’s stock valued at $93,258,000 after acquiring an additional 179,364 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Stewart Information Services during the 4th quarter worth $4,034,000. Eagle Asset Management Inc. purchased a new position in shares of Stewart Information Services in the 3rd quarter valued at about $3,432,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Stewart Information Services by 16.4% in the third quarter. Rockefeller Capital Management L.P. now owns 260,138 shares of the insurance provider’s stock valued at $19,443,000 after purchasing an additional 36,582 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Trading Down 0.0 %

Shares of STC stock opened at $71.99 on Wednesday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 27.69 and a beta of 1.19. 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 50-day moving average price of $68.06 and a 200 day moving average price of $70.01. Stewart Information Services Co. has a twelve month low of $58.23 and a twelve month high of $78.44.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. Research analysts forecast that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 17th. Stewart Information Services’s payout ratio is 76.92%.

Analyst Upgrades and Downgrades

STC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Stephens restated an “overweight” rating and issued a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

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.