11,098 Shares in Stewart Information Services Co. (NYSE:STC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Stewart Information Services Co. (NYSE:STC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,098 shares of the insurance provider’s stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atria Investments Inc purchased a new position in Stewart Information Services during the 3rd quarter valued at about $207,000. Victory Capital Management Inc. raised its stake in 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 in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Stewart Information Services during the third quarter worth about $205,000. Empowered Funds LLC lifted its stake in Stewart Information Services by 5.3% in the third quarter. Empowered Funds LLC now owns 85,302 shares of the insurance provider’s stock valued at $6,375,000 after buying an additional 4,288 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Stewart Information Services by 5.7% in the 3rd quarter. Natixis Advisors LLC now owns 14,888 shares of the insurance provider’s stock valued at $1,113,000 after purchasing an additional 801 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on STC shares. StockNews.com upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Thursday. Stephens reiterated an “overweight” rating and set a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased 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.

Stewart Information Services Stock Down 0.8 %

NYSE STC opened at $68.69 on Friday. The stock has a market cap of $1.90 billion, a PE ratio of 26.42 and a beta of 1.19. The business has a 50 day moving average price of $66.49 and a two-hundred day moving average price of $70.22. Stewart Information Services Co. has a fifty-two week low of $58.23 and a fifty-two week 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.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. As a group, sell-side analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The company also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 17th. Stewart Information Services’s dividend payout ratio (DPR) is 76.92%.

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.