Citadel Advisors LLC lifted its position in shares of Stewart Information Services Corporation (NYSE:STC) by 451.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 280,515 shares of the insurance provider’s stock after purchasing an additional 229,651 shares during the quarter. Citadel Advisors LLC owned about 1.18% of Stewart Information Services worth $10,593,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Stewart Information Services by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,939,790 shares of the insurance provider’s stock worth $88,028,000 after acquiring an additional 70,062 shares during the period. Vanguard Group Inc. boosted its holdings in Stewart Information Services by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,186,497 shares of the insurance provider’s stock worth $53,844,000 after acquiring an additional 26,489 shares during the period. Wells Fargo & Company MN boosted its holdings in Stewart Information Services by 5.0% in the 2nd quarter. Wells Fargo & Company MN now owns 671,825 shares of the insurance provider’s stock worth $30,488,000 after acquiring an additional 32,095 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Stewart Information Services by 33.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 616,724 shares of the insurance provider’s stock worth $23,288,000 after acquiring an additional 155,770 shares during the period. Finally, State Street Corp boosted its holdings in Stewart Information Services by 5.7% in the 2nd quarter. State Street Corp now owns 590,383 shares of the insurance provider’s stock worth $26,789,000 after acquiring an additional 31,896 shares during the period. Institutional investors and hedge funds own 86.68% of the company’s stock.
Stewart Information Services Corporation (STC) opened at $41.64 on Friday. Stewart Information Services Corporation has a 52-week low of $34.48 and a 52-week high of $48.03. The stock has a market capitalization of $981.69, a P/E ratio of 20.05 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.00 and a quick ratio of 3.00.
Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.25). The firm had revenue of $498.05 million for the quarter, compared to analyst estimates of $470.30 million. Stewart Information Services had a net margin of 2.57% and a return on equity of 7.37%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. equities research analysts anticipate that Stewart Information Services Corporation will post 2.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, December 14th. Stewart Information Services’s dividend payout ratio is currently 56.34%.
A number of research firms have weighed in on STC. Keefe, Bruyette & Woods upgraded Stewart Information Services from an “underperform” rating to a “market perform” rating in a report on Wednesday, November 8th. BidaskClub lowered Stewart Information Services from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research lowered Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th.
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About Stewart Information Services
Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.
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