Stewart Information Services Co. (NYSE:STC) Shares Sold by Comerica Bank

Comerica Bank trimmed its holdings in Stewart Information Services Co. (NYSE:STC) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,804 shares of the insurance provider’s stock after selling 236 shares during the period. Comerica Bank’s holdings in Stewart Information Services were worth $797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC bought a new stake in shares of Stewart Information Services in the 4th quarter worth approximately $297,000. Price T Rowe Associates Inc. MD boosted its holdings in Stewart Information Services by 12.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,152 shares of the insurance provider’s stock worth $1,428,000 after buying an additional 2,386 shares in the last quarter. State of Tennessee Department of Treasury grew its position in Stewart Information Services by 29.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,065 shares of the insurance provider’s stock worth $612,000 after buying an additional 2,081 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Stewart Information Services by 7.4% in the fourth quarter. MetLife Investment Management LLC now owns 16,496 shares of the insurance provider’s stock valued at $1,113,000 after buying an additional 1,134 shares in the last quarter. Finally, Capital International Investors acquired a new stake in shares of Stewart Information Services during the 4th quarter valued at $15,890,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STC has been the topic of a number of recent research reports. Stephens restated an “overweight” rating and issued a $82.00 target price on shares of Stewart Information Services in a report on Thursday, February 6th. StockNews.com lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price objective 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.

Stewart Information Services Trading Up 0.8%

Stewart Information Services stock opened at $65.25 on Wednesday. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. 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 $1.81 billion, a price-to-earnings ratio of 25.10 and a beta of 1.01. The company has a 50 day moving average price of $67.59 and a 200 day moving average price of $68.72.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $595.50 million. During the same quarter in the previous year, the company earned $0.17 EPS. Stewart Information Services’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, March 17th. Stewart Information Services’s dividend payout ratio is currently 76.92%.

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.