Heartland Advisors Inc. Boosts Stake in Stewart Information Services Co. (NYSE:STC)

Heartland Advisors Inc. lifted its position in shares of Stewart Information Services Co. (NYSE:STCFree Report) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 220,440 shares of the insurance provider’s stock after purchasing an additional 6,290 shares during the period. Heartland Advisors Inc.’s holdings in Stewart Information Services were worth $12,951,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STC. Assenagon Asset Management S.A. raised its position in shares of Stewart Information Services by 144.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 119,484 shares of the insurance provider’s stock worth $5,233,000 after purchasing an additional 70,544 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Stewart Information Services by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock valued at $112,963,000 after acquiring an additional 59,639 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Stewart Information Services by 146.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 90,807 shares of the insurance provider’s stock valued at $3,977,000 after acquiring an additional 53,998 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Stewart Information Services by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 943,695 shares of the insurance provider’s stock valued at $41,334,000 after acquiring an additional 51,044 shares during the last quarter. Finally, Azarias Capital Management L.P. raised its holdings in Stewart Information Services by 31.2% in the 4th quarter. Azarias Capital Management L.P. now owns 211,081 shares of the insurance provider’s stock valued at $12,401,000 after acquiring an additional 50,225 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BTIG Research lifted their price target on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Stephens reiterated an “overweight” rating and issued a $79.00 target price on shares of Stewart Information Services in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Check Out Our Latest Stock Analysis on Stewart Information Services

Insiders Place Their Bets

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $63.11, for a total transaction of $757,320.00. Following the transaction, the director now owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.99% of the company’s stock.

Stewart Information Services Stock Up 0.5 %

Stewart Information Services stock traded up $0.31 during mid-day trading on Tuesday, hitting $63.31. The company had a trading volume of 134,845 shares, compared to its average volume of 213,021. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 41.65 and a beta of 1.17. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. Stewart Information Services Co. has a 1 year low of $38.40 and a 1 year high of $65.35. The business has a fifty day moving average of $62.05 and a 200 day moving average of $57.81.

Stewart Information Services (NYSE:STCGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. The firm had revenue of $554.32 million for the quarter. On average, sell-side analysts expect that Stewart Information Services Co. will post 4.5 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, March 14th. Stewart Information Services’s payout ratio is 125.00%.

Stewart Information Services Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stewart Information Services (NYSE:STC)

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