Natixis Advisors LLC Boosts Stock Holdings in Stewart Information Services Co. (NYSE:STC)

Natixis Advisors LLC raised its position in shares of Stewart Information Services Co. (NYSE:STC) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,888 shares of the insurance provider’s stock after purchasing an additional 801 shares during the period. Natixis Advisors LLC owned 0.05% of Stewart Information Services worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of STC. Vanguard Group Inc. grew its stake in shares of Stewart Information Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider’s stock worth $125,070,000 after acquiring an additional 15,910 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Stewart Information Services by 0.7% during 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 purchasing an additional 10,811 shares during the period. Victory Capital Management Inc. increased its stake in shares of Stewart Information Services by 7.2% in the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock worth $73,669,000 after purchasing an additional 65,965 shares in the last quarter. Millennium Management LLC raised its position 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 purchasing an additional 590,977 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in shares of Stewart Information Services by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 330,977 shares of the insurance provider’s stock valued at $20,547,000 after buying an additional 984 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Stock Performance

NYSE STC opened at $75.12 on Wednesday. The company’s 50 day simple moving average is $71.50 and its two-hundred day simple moving average is $68.68. 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 1 year low of $45.53 and a 1 year high of $76.88. The stock has a market capitalization of $2.08 billion, a PE ratio of 35.17 and a beta of 1.21.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results 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. The firm had revenue of $667.94 million for the quarter, compared to analysts’ expectations of $638.40 million. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Analysts predict that Stewart Information Services Co. will post 3.32 earnings per share 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. Stockholders of record on Monday, September 16th were issued a dividend of $0.50 per share. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, September 16th. Stewart Information Services’s payout ratio is currently 94.34%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th.

About Stewart Information Services

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.