New York State Common Retirement Fund Sells 27,321 Shares of Stewart Information Services Co. (NYSE:STC)

New York State Common Retirement Fund lessened its stake in Stewart Information Services Co. (NYSE:STC) by 74.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,526 shares of the insurance provider’s stock after selling 27,321 shares during the quarter. New York State Common Retirement Fund’s holdings in Stewart Information Services were worth $643,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC grew its stake in Stewart Information Services by 0.4% in the 3rd quarter. FMR LLC now owns 2,488,342 shares of the insurance provider’s stock valued at $185,979,000 after buying an additional 8,853 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Stewart Information Services by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider’s stock valued at $108,741,000 after buying an additional 10,132 shares in the last quarter. State Street Corp grew its stake in Stewart Information Services by 16.8% in the 3rd quarter. State Street Corp now owns 1,247,762 shares of the insurance provider’s stock valued at $93,258,000 after buying an additional 179,364 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Stewart Information Services by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock valued at $73,669,000 after purchasing an additional 65,965 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Stewart Information Services by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider’s stock valued at $47,151,000 after purchasing an additional 8,597 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Trading Down 2.0 %

Shares of Stewart Information Services stock opened at $68.96 on Wednesday. Stewart Information Services Co. has a twelve month low of $58.23 and a twelve month high of $78.44. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $66.53 and a 200-day moving average price of $70.26. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 26.52 and a beta of 1.23.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Equities research analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.90%. Stewart Information Services’s dividend payout ratio is presently 76.92%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STC. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a research report on Friday, February 7th. Finally, Stephens restated an “overweight” rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th.

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.