Teacher Retirement System of Texas Acquires Shares of 13,973 Stewart Information Services Co. (NYSE:STC)

Teacher Retirement System of Texas bought a new position in Stewart Information Services Co. (NYSE:STC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,973 shares of the insurance provider’s stock, valued at approximately $943,000. Teacher Retirement System of Texas owned about 0.05% of Stewart Information Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of STC. Smartleaf Asset Management LLC raised its position in shares of Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 342 shares in the last quarter. KBC Group NV raised its holdings in shares of Stewart Information Services by 58.7% during the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 572 shares during the period. Blue Trust Inc. lifted its position in shares of Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock worth $182,000 after buying an additional 208 shares during the last quarter. Heritage Family Offices LLP lifted its position in shares of Stewart Information Services by 9.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock worth $238,000 after buying an additional 296 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Stewart Information Services in the 3rd quarter valued at about $341,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Price Performance

NYSE STC opened at $71.68 on Friday. The company has a 50-day moving average price of $68.53 and a two-hundred day moving average price of $70.03. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 27.57 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 52 week low of $58.23 and a 52 week high of $78.44.

Stewart Information Services (NYSE:STC) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating 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%. Analysts forecast that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.79%. The ex-dividend date is Monday, March 17th. Stewart Information Services’s payout ratio is currently 76.92%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods raised their price target on Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Finally, Stephens restated an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a research note on Thursday, February 6th.

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.