Barclays PLC Raises Holdings in Stewart Information Services Co. (NYSE:STC)

Barclays PLC grew its position in shares of Stewart Information Services Co. (NYSE:STC) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 47,737 shares of the insurance provider’s stock after buying an additional 2,237 shares during the quarter. Barclays PLC’s holdings in Stewart Information Services were worth $3,222,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its holdings in shares of Stewart Information Services by 6.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 170 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Stewart Information Services by 12.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider’s stock worth $19,759,000 after purchasing an additional 32,638 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Stewart Information Services by 807.4% during the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 759 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Stewart Information Services during the fourth quarter worth about $4,034,000. Finally, Invesco Ltd. boosted its stake in shares of Stewart Information Services by 6.2% during the fourth quarter. Invesco Ltd. now owns 352,477 shares of the insurance provider’s stock worth $23,789,000 after buying an additional 20,465 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

Shares of NYSE:STC opened at $64.92 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.81 billion, a P/E ratio of 24.97 and a beta of 1.05. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The company has a 50-day moving average price of $68.66 and a 200 day moving average price of $69.06.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The firm had revenue of $608.90 million during the quarter, compared to analyst estimates 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 for the quarter 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 year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.08%. Stewart Information Services’s payout ratio is 76.92%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STC shares. Keefe, Bruyette & Woods increased 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 note on Friday, February 7th. Stephens reiterated an “overweight” rating and set a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

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.