Mutual of America Capital Management LLC Sells 371 Shares of Stewart Information Services Co. (NYSE:STC)

Mutual of America Capital Management LLC lessened its stake in Stewart Information Services Co. (NYSE:STC) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,163 shares of the insurance provider’s stock after selling 371 shares during the period. Mutual of America Capital Management LLC’s holdings in Stewart Information Services were worth $311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings 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 worth $40,733,000 after acquiring an additional 590,977 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Stewart Information Services in the second quarter valued at approximately $8,530,000. Emerald Advisers LLC bought a new position in Stewart Information Services in the 3rd quarter valued at about $5,330,000. Victory Capital Management Inc. boosted its position 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 valued at $73,669,000 after acquiring an additional 65,965 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Stewart Information Services during the 3rd quarter worth $3,770,000. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Stewart Information Services Trading Up 0.5 %

STC opened at $75.46 on Friday. Stewart Information Services Co. has a twelve month low of $46.40 and a twelve month high of $76.88. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $71.50 and a 200-day moving average of $68.81. The stock has a market cap of $2.09 billion, a PE ratio of 35.67 and a beta of 1.21.

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

Stewart Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 2.65%. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, September 16th. Stewart Information Services’s payout ratio is presently 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.