Thrivent Financial for Lutherans Sells 1,160 Shares of Stewart Information Services Co. (NYSE:STC)

Thrivent Financial for Lutherans lessened its position in Stewart Information Services Co. (NYSE:STC) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,736 shares of the insurance provider’s stock after selling 1,160 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Stewart Information Services worth $1,625,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Stewart Information Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider’s stock worth $125,070,000 after purchasing an additional 15,910 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Stewart Information Services in the second quarter valued at approximately $503,000. Assenagon Asset Management S.A. boosted its stake in shares of Stewart Information Services by 1.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock worth $5,211,000 after acquiring an additional 1,217 shares during the period. Millennium Management LLC increased its holdings in shares of Stewart Information Services by 906.9% during the 2nd 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 during the last quarter. Finally, Victory Capital Management Inc. increased its holdings 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 worth $73,669,000 after acquiring an additional 65,965 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Stewart Information Services Stock Down 0.5 %

Stewart Information Services stock opened at $75.09 on Friday. Stewart Information Services Co. has a twelve month low of $46.40 and a twelve month high of $76.88. The stock has a market cap of $2.08 billion, a P/E ratio of 35.59 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 quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. The company had revenue of $667.94 million for the quarter, compared to analyst estimates of $638.40 million. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. As a group, analysts expect that Stewart Information Services Co. will post 3.32 EPS for the current year.

Stewart Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, September 16th. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s payout ratio is presently 94.34%.

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.