OppenheimerFunds Inc. decreased its position in Stewart Information Services Co. (NYSE:STC) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,117 shares of the insurance provider’s stock after selling 6,732 shares during the quarter. OppenheimerFunds Inc. owned 0.13% of Stewart Information Services worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its stake in Stewart Information Services by 37.0% in the 4th quarter. Citadel Advisors LLC now owns 384,435 shares of the insurance provider’s stock worth $16,262,000 after acquiring an additional 103,920 shares during the last quarter. BlackRock Inc. increased its stake in Stewart Information Services by 2.1% in the 4th quarter. BlackRock Inc. now owns 2,920,560 shares of the insurance provider’s stock worth $123,541,000 after acquiring an additional 59,925 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Stewart Information Services by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 345,372 shares of the insurance provider’s stock worth $14,609,000 after acquiring an additional 1,560 shares during the last quarter. Rhumbline Advisers increased its stake in Stewart Information Services by 16.7% in the 4th quarter. Rhumbline Advisers now owns 57,218 shares of the insurance provider’s stock worth $2,420,000 after acquiring an additional 8,169 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Stewart Information Services by 222.7% in the 4th quarter. Arizona State Retirement System now owns 39,904 shares of the insurance provider’s stock worth $1,688,000 after acquiring an additional 27,537 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on STC shares. Zacks Investment Research downgraded Stewart Information Services from a “buy” rating to a “strong sell” rating in a research note on Wednesday, March 28th. ValuEngine raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Stewart Information Services in a research note on Friday, December 22nd.
NYSE:STC opened at $43.97 on Friday. The company has a market capitalization of $1,054.46, a price-to-earnings ratio of 20.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.23 and a current ratio of 2.23. Stewart Information Services Co. has a 1 year low of $34.48 and a 1 year high of $48.03.
Stewart Information Services (NYSE:STC) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. The firm had revenue of $525.60 million during the quarter, compared to analysts’ expectations of $504.30 million. Stewart Information Services had a return on equity of 7.42% and a net margin of 2.49%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. equities analysts expect that Stewart Information Services Co. will post 3.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Wednesday, March 14th. Stewart Information Services’s dividend payout ratio (DPR) is 55.30%.
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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.
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