Amalgamated Bank Lowers Stock Position in Stewart Information Services Co. (NYSE:STC)

Amalgamated Bank lessened its stake in Stewart Information Services Co. (NYSE:STC) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,093 shares of the insurance provider’s stock after selling 285 shares during the period. Amalgamated Bank’s holdings in Stewart Information Services were worth $605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Advisers LLC acquired a new position in Stewart Information Services in the 3rd quarter valued at about $5,330,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Stewart Information Services during the 3rd quarter worth approximately $3,770,000. Marietta Wealth Management LLC acquired a new stake in Stewart Information Services during the 3rd quarter worth approximately $225,000. Copeland Capital Management LLC purchased a new position in Stewart Information Services in the 3rd quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Stewart Information Services by 0.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,641,717 shares of the insurance provider’s stock worth $122,702,000 after acquiring an additional 10,811 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $79.00 target price on shares of Stewart Information Services in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of Stewart Information Services from $71.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Finally, BTIG Research boosted their target price on shares of Stewart Information Services from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd.

Stewart Information Services Stock Performance

Stewart Information Services stock opened at $73.44 on Friday. Stewart Information Services Co. has a fifty-two week low of $45.12 and a fifty-two week high of $76.83. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 34.64 and a beta of 1.21. The stock has a fifty day moving average of $71.36 and a two-hundred day moving average of $68.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The business had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. During the same period in the prior year, the firm posted $0.86 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Stewart Information Services Co. will post 3.32 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. Stewart Information Services’s dividend payout ratio (DPR) is 94.34%.

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.