Atria Investments Inc Invests $207,000 in Stewart Information Services Co. (NYSE:STC)

Atria Investments Inc bought a new position in shares of Stewart Information Services Co. (NYSE:STC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,764 shares of the insurance provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also bought and sold shares of STC. Millennium Management LLC lifted its stake in shares of Stewart Information Services by 906.9% in the second quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after buying an additional 590,977 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Stewart Information Services in the second quarter valued at $8,530,000. Emerald Advisers LLC bought a new position in shares of Stewart Information Services in the third quarter valued at $5,330,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Stewart Information Services in the third quarter valued at $3,770,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Stewart Information Services by 3.4% in the second quarter. Victory Capital Management Inc. now owns 919,708 shares of the insurance provider’s stock valued at $57,095,000 after buying an additional 29,864 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Stewart Information Services Stock Performance

Shares of STC stock opened at $74.64 on Monday. The firm has a 50-day moving average of $71.47 and a 200-day moving average of $68.59. The company has a market cap of $2.07 billion, a P/E ratio of 35.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.94. Stewart Information Services Co. has a one year low of $45.53 and a one year high of $76.83.

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

Stewart Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s dividend payout ratio (DPR) is 94.34%.

Wall Street Analysts Forecast Growth

Separately, 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 research note on Wednesday, September 4th.

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.