Dupont Capital Management Corp Cuts Holdings in Stewart Information Services Co. (NYSE:STC)
Dupont Capital Management Corp decreased its position in shares of Stewart Information Services Co. (NYSE:STC – Get Rating) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,294 shares of the insurance provider’s stock after selling 469 shares during the period. Dupont Capital Management Corp’s holdings in Stewart Information Services were worth $321,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in STC. Allspring Global Investments Holdings LLC bought a new position in shares of Stewart Information Services in the 4th quarter valued at about $129,028,000. Hillcrest Asset Management LLC bought a new position in shares of Stewart Information Services in the 4th quarter valued at about $12,177,000. Assenagon Asset Management S.A. lifted its holdings in shares of Stewart Information Services by 277.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 164,156 shares of the insurance provider’s stock valued at $13,088,000 after acquiring an additional 120,670 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Stewart Information Services by 142.6% in the 4th quarter. Allianz Asset Management GmbH now owns 124,218 shares of the insurance provider’s stock valued at $9,903,000 after acquiring an additional 73,013 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Stewart Information Services by 9.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 837,243 shares of the insurance provider’s stock worth $66,753,000 after purchasing an additional 70,128 shares during the last quarter. Hedge funds and other institutional investors own 92.23% of the company’s stock.
Analyst Ratings Changes
Several 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 research note on Tuesday, May 10th. BTIG Research decreased their price objective on shares of Stewart Information Services from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, July 8th.
Stewart Information Services Stock Up 1.3 %
Shares of NYSE STC opened at $49.76 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $1.34 billion, a P/E ratio of 4.15 and a beta of 1.13. Stewart Information Services Co. has a 1 year low of $45.63 and a 1 year high of $81.00. The firm has a 50-day simple moving average of $52.50 and a two-hundred day simple moving average of $61.08.
Stewart Information Services (NYSE:STC – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The insurance provider reported $2.03 earnings per share (EPS) for the quarter. Stewart Information Services had a net margin of 9.42% and a return on equity of 24.84%. The business had revenue of $852.92 million during the quarter. During the same period in the previous year, the business earned $1.92 EPS. Research analysts anticipate that Stewart Information Services Co. will post 8.05 earnings per share for the current year.
Stewart Information Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Tuesday, June 14th. Stewart Information Services’s dividend payout ratio is presently 12.51%.
Insider Activity
In related news, insider Steven Mark Lessack purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was purchased at an average price of $55.20 per share, with a total value of $165,600.00. Following the completion of the purchase, the insider now owns 9,291 shares of the company’s stock, valued at approximately $512,863.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Steven Mark Lessack purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was purchased at an average price of $55.20 per share, with a total value of $165,600.00. Following the completion of the purchase, the insider now owns 9,291 shares of the company’s stock, valued at approximately $512,863.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick H. Eppinger acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $48.91 per share, for a total transaction of $73,365.00. Following the completion of the acquisition, the chief executive officer now owns 94,762 shares of the company’s stock, valued at $4,634,809.42. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,500 shares of company stock valued at $394,965. Corporate insiders own 1.50% of the company’s stock.
About Stewart Information Services
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates in two segments, Title, and Ancillary Services and Corporate. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
Further Reading
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