Municipal Employees Retirement System of Michigan Acquires 40,640 Shares of Stewart Information Services Co. (NYSE:STC)

Municipal Employees Retirement System of Michigan boosted its position in Stewart Information Services Co. (NYSE:STC) by 47.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,460 shares of the insurance provider’s stock after acquiring an additional 40,640 shares during the quarter. Municipal Employees Retirement System of Michigan owned 0.53% of Stewart Information Services worth $5,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Stewart Information Services by 2.1% during the fourth quarter. BlackRock Inc. now owns 2,920,560 shares of the insurance provider’s stock valued at $123,541,000 after buying an additional 59,925 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Stewart Information Services by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,966,472 shares of the insurance provider’s stock valued at $74,254,000 after buying an additional 26,682 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Stewart Information Services by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 767,801 shares of the insurance provider’s stock valued at $32,479,000 after buying an additional 4,333 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Stewart Information Services by 33.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 616,724 shares of the insurance provider’s stock valued at $23,288,000 after buying an additional 155,770 shares during the last quarter. Finally, Roystone Capital Management LP grew its stake in shares of Stewart Information Services by 0.7% during the fourth quarter. Roystone Capital Management LP now owns 454,311 shares of the insurance provider’s stock valued at $19,217,000 after buying an additional 3,200 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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STC traded down $0.33 on Friday, hitting $43.97. The company had a trading volume of 505,269 shares, compared to its average volume of 612,493. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 2.23. Stewart Information Services Co. has a 52-week low of $34.48 and a 52-week high of $48.03. The firm has a market capitalization of $1,050.66, a PE ratio of 20.26 and a beta of 0.88.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06. Stewart Information Services had a net margin of 2.49% and a return on equity of 7.42%. The business had revenue of $525.60 million during the quarter, compared to analyst estimates of $504.30 million. During the same period last year, the business posted $0.71 earnings per share. Stewart Information Services’s quarterly revenue was up .0% compared to the same quarter last year. analysts expect that Stewart Information Services Co. will post 3.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.73%. Stewart Information Services’s dividend payout ratio (DPR) is presently 55.30%.

STC has been the topic of several recent analyst reports. ValuEngine raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Stewart Information Services from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 target price on shares of Stewart Information Services in a research note on Friday, December 22nd.

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Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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

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