SG Americas Securities LLC Grows Position in Stewart Information Services Co. (NYSE:STC)

SG Americas Securities LLC lifted its position in Stewart Information Services Co. (NYSE:STC) by 205.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,492 shares of the insurance provider’s stock after purchasing an additional 9,077 shares during the period. SG Americas Securities LLC’s holdings in Stewart Information Services were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of Stewart Information Services by 21.7% during the 2nd quarter. Sei Investments Co. now owns 43,032 shares of the insurance provider’s stock valued at $2,671,000 after acquiring an additional 7,686 shares during the last quarter. Millennium Management LLC grew its position in shares of Stewart Information Services by 906.9% in the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after buying an additional 590,977 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Stewart Information Services by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,538 shares of the insurance provider’s stock valued at $840,000 after buying an additional 186 shares during the last quarter. Truist Financial Corp lifted its position in Stewart Information Services by 7.4% during the 2nd quarter. Truist Financial Corp now owns 4,645 shares of the insurance provider’s stock worth $288,000 after acquiring an additional 319 shares during the period. Finally, Trust Point Inc. raised its holdings in Stewart Information Services by 5.0% during the third quarter. Trust Point Inc. now owns 13,918 shares of the insurance provider’s stock worth $1,040,000 after purchasing an additional 659 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Stock Performance

Shares of Stewart Information Services stock opened at $64.89 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94. The firm’s 50-day simple moving average is $69.42 and its 200-day simple moving average is $70.66. Stewart Information Services Co. has a 1 year low of $56.16 and a 1 year high of $78.44. The firm has a market cap of $1.80 billion, a PE ratio of 30.61 and a beta of 1.24.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Monday, December 16th. Stewart Information Services’s payout ratio is 94.34%.

Insider Activity at Stewart Information Services

In other news, Director Matthew Morris sold 12,899 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total transaction of $956,073.88. Following the completion of the transaction, the director now owns 65,330 shares in the company, valued at approximately $4,842,259.60. This trade represents a 16.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STC. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Keefe, Bruyette & Woods dropped their target price on shares of Stewart Information Services from $84.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th.

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.