Intech Investment Management LLC Raises Position in Stewart Information Services Co. (NYSE:STC)

Intech Investment Management LLC raised its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 31.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,657 shares of the insurance provider’s stock after acquiring an additional 2,556 shares during the quarter. Intech Investment Management LLC’s holdings in Stewart Information Services were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in STC. Blue Trust Inc. grew its holdings in shares of Stewart Information Services by 57.7% during the second quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 262 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Stewart Information Services during the third quarter valued at approximately $61,000. Kings Path Partners LLC purchased a new position in Stewart Information Services in the 2nd quarter worth approximately $65,000. nVerses Capital LLC bought a new position in shares of Stewart Information Services in the 2nd quarter worth $74,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Stewart Information Services during the 3rd quarter worth $205,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Trading Down 0.5 %

STC stock opened at $75.09 on Friday. Stewart Information Services Co. has a one year low of $46.40 and a one year high of $76.88. The company has a market capitalization of $2.08 billion, a PE ratio of 35.42 and a beta of 1.21. The company’s 50 day moving average price is $71.49 and its two-hundred day moving average price is $68.86. 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 posted 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. 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 during the quarter, compared to the consensus estimate of $638.40 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.66%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, September 16th. Stewart Information Services’s dividend payout ratio (DPR) is presently 94.34%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their target price on 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.

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.