Tower Research Capital LLC TRC Has $96,000 Stock Holdings in Stewart Information Services Co. (NYSE:STC)

Tower Research Capital LLC TRC decreased its stake in shares of Stewart Information Services Co. (NYSE:STC) by 42.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,422 shares of the insurance provider’s stock after selling 1,037 shares during the period. Tower Research Capital LLC TRC’s holdings in Stewart Information Services were worth $96,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock worth $3,400,000 after purchasing an additional 35,088 shares in the last quarter. Heritage Family Offices LLP raised its position 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 during the last quarter. SG Americas Securities LLC lifted its holdings in Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider’s stock worth $911,000 after buying an additional 9,077 shares in the last quarter. Blue Trust Inc. boosted its position 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 buying an additional 208 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after buying an additional 572 shares during the period. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $63.76 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 capitalization of $1.77 billion, a P/E ratio of 24.52 and a beta of 1.01. The business has a 50-day moving average of $67.80 and a 200-day moving average of $68.78. Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.44.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The firm had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.14%. Stewart Information Services’s payout ratio is 76.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STC shares. StockNews.com lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods raised their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $82.00 price objective on shares of Stewart Information Services in a research note on Thursday, February 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.