Mitsubishi UFJ Asset Management UK Ltd. decreased its holdings in Stewart Information Services Corp (NYSE:STC) by 24.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,795 shares of the insurance provider’s stock after selling 10,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. owned about 0.13% of Stewart Information Services worth $1,256,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of STC. Oppenheimer Asset Management Inc. acquired a new position in shares of Stewart Information Services in the 3rd quarter valued at $90,000. Bank of Montreal Can boosted its holdings in Stewart Information Services by 482.0% in the second quarter. Bank of Montreal Can now owns 2,334 shares of the insurance provider’s stock valued at $95,000 after purchasing an additional 1,933 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Stewart Information Services in the second quarter valued at $225,000. Alpha Windward LLC boosted its holdings in Stewart Information Services by 9.5% in the third quarter. Alpha Windward LLC now owns 11,760 shares of the insurance provider’s stock valued at $456,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Man Group plc boosted its holdings in Stewart Information Services by 52.5% in the second quarter. Man Group plc now owns 11,428 shares of the insurance provider’s stock valued at $463,000 after purchasing an additional 3,935 shares during the last quarter. 87.98% of the stock is owned by institutional investors.
Several equities research analysts have commented on STC shares. Zacks Investment Research raised shares of Stewart Information Services from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Keefe, Bruyette & Woods lowered shares of Stewart Information Services from a “market perform” rating to an “underperform” rating and set a $38.00 price target on the stock. in a report on Sunday, December 8th.
In related news, CEO Frederick H. Eppinger purchased 3,316 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $40.89 per share, with a total value of $135,591.24. Following the purchase, the chief executive officer now owns 10,702 shares of the company’s stock, valued at approximately $437,604.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick H. Eppinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of $40.50 per share, for a total transaction of $121,500.00. Following the completion of the purchase, the chief executive officer now directly owns 10,702 shares in the company, valued at approximately $433,431. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 11,316 shares of company stock worth $459,591. Corporate insiders own 2.50% of the company’s stock.
NYSE:STC traded down $0.07 during mid-day trading on Friday, hitting $40.81. The company’s stock had a trading volume of 584 shares, compared to its average volume of 119,811. The business’s fifty day moving average is $41.63 and its two-hundred day moving average is $39.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.13 and a quick ratio of 4.13. Stewart Information Services Corp has a 1 year low of $32.61 and a 1 year high of $44.99. The stock has a market cap of $974.32 million, a price-to-earnings ratio of 18.86 and a beta of 0.51.
Stewart Information Services (NYSE:STC) last posted its earnings results on Tuesday, October 22nd. The insurance provider reported $1.28 earnings per share (EPS) for the quarter. Stewart Information Services had a net margin of 4.74% and a return on equity of 8.49%. The business had revenue of $559.51 million for the quarter. Analysts anticipate that Stewart Information Services Corp will post 2.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, December 12th. Stewart Information Services’s payout ratio is currently 55.56%.
Stewart Information Services 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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