Stewart Information Services Co. (NYSE:STC) Shares Acquired by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC boosted its position in Stewart Information Services Co. (NYSE:STC – Get Rating) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,874 shares of the insurance provider’s stock after purchasing an additional 200 shares during the period. Mutual of America Capital Management LLC’s holdings in Stewart Information Services were worth $235,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC acquired a new stake in shares of Stewart Information Services in the fourth quarter valued at $1,943,000. CWM LLC acquired a new stake in Stewart Information Services in the 4th quarter valued at about $2,360,000. Qube Research & Technologies Ltd boosted its position in shares of Stewart Information Services by 250.6% during the 4th quarter. Qube Research & Technologies Ltd now owns 18,852 shares of the insurance provider’s stock valued at $1,503,000 after purchasing an additional 13,475 shares in the last quarter. Assenagon Asset Management S.A. grew its stake 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 worth $13,088,000 after purchasing an additional 120,670 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Stewart Information Services by 18.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,729 shares of the insurance provider’s stock worth $297,000 after purchasing an additional 594 shares in the last quarter. 92.23% of the stock is owned by institutional investors.
Insider Buying and Selling at Stewart Information Services
In other news, insider Steven Mark Lessack bought 3,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $55.20 per share, with a total value of $165,600.00. Following the purchase, the insider now directly owns 9,291 shares in the company, valued at $512,863.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Steven Mark Lessack purchased 3,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were acquired at an average cost 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick H. Eppinger purchased 1,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of $48.91 per share, for a total transaction of $73,365.00. Following the completion of the purchase, 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. Company insiders own 1.50% of the company’s stock.
Stewart Information Services Price Performance
Shares of NYSE:STC opened at $52.31 on Wednesday. Stewart Information Services Co. has a one year low of $45.63 and a one year high of $81.00. The stock has a fifty day moving average of $51.53 and a 200-day moving average of $58.72. The company has a market capitalization of $1.41 billion, a PE ratio of 4.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.29 and a current ratio of 2.72.
Stewart Information Services (NYSE:STC – Get Rating) last announced its earnings results on Wednesday, July 27th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.42. Stewart Information Services had a net margin of 8.40% and a return on equity of 22.56%. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $757.03 million. During the same period in the previous year, the business earned $3.17 EPS. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Stewart Information Services Co. will post 8.05 EPS for the current fiscal year.
Stewart Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.87%. The ex-dividend date was Tuesday, June 14th. Stewart Information Services’s dividend payout ratio (DPR) is currently 13.95%.
Analysts Set New Price Targets
Several research firms have issued reports on STC. BTIG Research decreased their price target on shares of Stewart Information Services from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, July 8th. StockNews.com downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th.
Stewart Information Services Company Profile
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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