First Hawaiian Bank bought a new stake in Stewart Information Services Co. (NYSE:STC – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,890 shares of the insurance provider’s stock, valued at approximately $539,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in Stewart Information Services in the fourth quarter valued at $129,028,000. Goldman Sachs Group Inc. boosted its holdings 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 valued at $66,753,000 after purchasing an additional 70,128 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Stewart Information Services by 5.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 610,962 shares of the insurance provider’s stock valued at $48,712,000 after purchasing an additional 31,751 shares during the period. Geode Capital Management LLC boosted its holdings in Stewart Information Services by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 459,001 shares of the insurance provider’s stock valued at $36,596,000 after purchasing an additional 8,003 shares during the period. Finally, Invesco Ltd. boosted its holdings in Stewart Information Services by 52.7% in the third quarter. Invesco Ltd. now owns 354,011 shares of the insurance provider’s stock valued at $22,394,000 after purchasing an additional 122,209 shares during the period. Hedge funds and other institutional investors own 92.23% of the company’s stock.
Shares of NYSE STC opened at $47.37 on Thursday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.29 and a quick ratio of 2.28. The business has a 50-day moving average of $53.47 and a two-hundred day moving average of $64.17. Stewart Information Services Co. has a 1 year low of $45.63 and a 1 year high of $81.00.
Stewart Information Services (NYSE:STC – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The insurance provider reported $2.03 earnings per share (EPS) for the quarter. The company had revenue of $852.92 million during the quarter. Stewart Information Services had a return on equity of 24.84% and a net margin of 9.42%. During the same period last year, the firm earned $1.92 earnings per share. As a group, equities research analysts expect that Stewart Information Services Co. will post 8.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, June 14th. Stewart Information Services’s dividend payout ratio (DPR) is 12.51%.
In other news, CEO Frederick H. Eppinger bought 3,000 shares of the business’s stock in a transaction dated Friday, April 29th. The shares were acquired at an average price of $52.00 per share, for a total transaction of $156,000.00. Following the completion of the transaction, the chief executive officer now owns 93,262 shares of the company’s stock, valued at $4,849,624. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederick H. Eppinger bought 1,500 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of $48.91 per share, for a total transaction of $73,365.00. Following the transaction, the chief executive officer now directly owns 94,762 shares of the company’s stock, valued at approximately $4,634,809.42. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,500 shares of company stock valued at $394,965 over the last ninety days. 1.50% of the stock is owned by company insiders.
STC has been the subject of a number of recent research reports. BTIG Research decreased their target price on Stewart Information Services from $89.00 to $80.00 in a report on Friday, April 29th. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Tuesday, May 10th.
About Stewart Information Services (Get Rating)
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.
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