2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. increased its stake in Stewart Information Services Co. (NYSE:STC – Free Report) by 1.
8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,884 shares of the insurance provider’s stock after purchasing an additional 1,899 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.40% of Stewart Information Services worth $7,416,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also bought and sold shares of the stock.
Smartleaf Asset Management LLC grew its position in Stewart Information Services by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 342 shares in the last quarter.
KBC Group NV boosted its position in Stewart Information Services by 58.7% during the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after buying an additional 572 shares during the period.
Blue Trust Inc. increased its holdings in shares of Stewart Information Services by 9.3% in the fourth quarter.
Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock worth $182,000 after buying an additional 208 shares during the period. Heritage Family Offices LLP lifted its position in Stewart Information Services by 9.
2% in the fourth quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 296 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of Stewart Information Services during the fourth quarter valued at approximately $356,000.
Hedge funds and other institutional investors own 96.90% of the company’s stock. Stewart Information Services Price PerformanceSTC opened at $65.
27 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.
86 and a quick ratio of 1.94. The firm has a market cap of $1.
82 billion, a PE ratio of 25.11 and a beta of 1.05.
Stewart Information Services Co. has a 1 year low of $58.61 and a 1 year high of $78.
44. The stock has a 50-day moving average price of $69.01 and a 200-day moving average price of $69.
20. Stewart Information Services (NYSE:STC – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.
12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01.
Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%.
Sell-side analysts predict that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.
Stewart Information Services Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share.
This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%.
The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services’s payout ratio is currently 76.92%.
Analyst Upgrades and DowngradesA number of brokerages have issued reports on STC. StockNews.com raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Wednesday, April 16th.
Stephens reaffirmed an “overweight” rating and issued a $82.00 target price on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on Stewart Information Services from $74.
00 to $75.00 and gave the stock a “market perform” rating in a report on Friday, February 7th.Check Out Our Latest Analysis on STCAbout Stewart Information Services (Free Report)Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally.
The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.Recommended StoriesFive stocks we like better than Stewart Information ServicesConsumer Discretionary Stocks ExplainedWith a 60%+ Upside, There’s Plenty to Love About LovesacWhat is a Dividend King? J.
B. Hunt Transport Overcorrects Into a Buying OpportunityFollowing Congress Stock TradesAppLovin: Can Record Profits Overcome Market Skepticism?Want to see what other hedge funds are holding STC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stewart Information Services Co.
(NYSE:STC – Free Report)..
