Stewart Information Services Co. (NYSE:STC) Shares Purchased by Amundi

Amundi boosted its holdings in Stewart Information Services Co. (NYSE:STC) by 186.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,980 shares of the insurance provider’s stock after purchasing an additional 9,107 shares during the quarter. Amundi owned about 0.05% of Stewart Information Services worth $872,000 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. Smartleaf Asset Management LLC boosted its holdings in Stewart Information Services by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. KBC Group NV boosted its holdings in shares of Stewart Information Services by 58.7% in the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 572 shares during the period. Blue Trust Inc. boosted its holdings in shares of Stewart Information Services by 9.3% in the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 208 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Stewart Information Services in the third quarter valued at approximately $205,000. Finally, Atria Investments Inc acquired a new stake in shares of Stewart Information Services in the third quarter valued at approximately $207,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $70.46 on Thursday. Stewart Information Services Co. has a 12 month low of $58.23 and a 12 month high of $78.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The business has a 50 day simple moving average of $67.22 and a 200-day simple moving average of $70.10. The stock has a market capitalization of $1.96 billion, a PE ratio of 27.10 and a beta of 1.19.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, topping the consensus estimate 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 analysts predict that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 17th. Stewart Information Services’s dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STC. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Stephens reissued an “overweight” rating and issued a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, February 7th.

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.