Wellington Management Group LLP Increases Holdings in Stewart Information Services Co. (NYSE:STC)

Wellington Management Group LLP raised its stake in Stewart Information Services Co. (NYSE:STC) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,899 shares of the insurance provider’s stock after buying an additional 4,955 shares during the quarter. Wellington Management Group LLP owned approximately 0.33% of Stewart Information Services worth $5,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Stewart Information Services by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock worth $112,963,000 after acquiring an additional 59,639 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Stewart Information Services by 146.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 90,807 shares of the insurance provider’s stock worth $3,977,000 after purchasing an additional 53,998 shares during the period. Azarias Capital Management L.P. increased its position in shares of Stewart Information Services by 31.2% during the 4th quarter. Azarias Capital Management L.P. now owns 211,081 shares of the insurance provider’s stock worth $12,401,000 after purchasing an additional 50,225 shares during the last quarter. 1492 Capital Management LLC purchased a new stake in Stewart Information Services in the 4th quarter valued at about $1,968,000. Finally, DAVENPORT & Co LLC lifted its position in Stewart Information Services by 4.6% in the fourth quarter. DAVENPORT & Co LLC now owns 705,777 shares of the insurance provider’s stock valued at $41,464,000 after buying an additional 31,211 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $62.08 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. Stewart Information Services Co. has a 52-week low of $38.40 and a 52-week high of $66.66. The firm has a market cap of $1.71 billion, a PE ratio of 40.84 and a beta of 1.18. The company’s 50 day moving average is $62.74 and its two-hundred day moving average is $61.31.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. The business had revenue of $554.32 million for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. On average, research analysts expect that Stewart Information Services Co. will post 4.24 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s payout ratio is presently 125.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Stephens restated an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research note on Thursday, April 25th. BTIG Research lifted their price objective on Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, StockNews.com upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a report on Friday, June 21st.

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.