Thrivent Financial for Lutherans Decreases Stock Position in Stewart Information Services Co. (NYSE:STC)

Thrivent Financial for Lutherans trimmed its position in shares of Stewart Information Services Co. (NYSE:STC) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,428 shares of the insurance provider’s stock after selling 308 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stewart Information Services were worth $1,446,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares in the last quarter. KBC Group NV grew its stake in Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 572 shares in the last quarter. Blue Trust Inc. raised its holdings in Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 208 shares during the last quarter. Heritage Family Offices LLP lifted its stake in Stewart Information Services by 9.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock worth $238,000 after purchasing an additional 296 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Stewart Information Services during the 3rd quarter worth approximately $341,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Trading Down 1.3 %

Shares of Stewart Information Services stock opened at $71.68 on Monday. The stock has a 50 day moving average of $68.53 and a 200 day moving average of $70.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 27.57 and a beta of 1.19. Stewart Information Services Co. has a fifty-two week low of $58.23 and a fifty-two week high of $78.44.

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

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Monday, March 17th. Stewart Information Services’s dividend payout ratio is presently 76.92%.

Analyst Ratings Changes

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

Stewart Information Services 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.