Mirae Asset Global Investments Co. Ltd. Has $936,000 Stock Holdings in Stewart Information Services Co. (NYSE:STC)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Stewart Information Services Co. (NYSE:STC) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,930 shares of the insurance provider’s stock after acquiring an additional 1,202 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Stewart Information Services were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of STC. Handelsbanken Fonder AB acquired a new position in shares of Stewart Information Services in the third quarter worth $206,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Stewart Information Services in the third quarter worth $227,000. SG Americas Securities LLC acquired a new position in Stewart Information Services during the third quarter worth $236,000. Nisa Investment Advisors LLC increased its position in Stewart Information Services by 215.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock worth $292,000 after buying an additional 4,550 shares during the last quarter. Finally, Natixis Advisors L.P. increased its position in Stewart Information Services by 5.9% during the third quarter. Natixis Advisors L.P. now owns 10,766 shares of the insurance provider’s stock worth $472,000 after buying an additional 601 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Stewart Information Services

In related news, Director Matthew Morris sold 12,000 shares of Stewart Information Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $63.11, for a total transaction of $757,320.00. Following the sale, the director now directly owns 76,867 shares of the company’s stock, valued at $4,851,076.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

STC has been the topic of several analyst reports. Stephens increased their target price on shares of Stewart Information Services from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods increased their target price on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.33.

Stewart Information Services Trading Up 1.8 %

Stewart Information Services stock opened at $63.57 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.11 and a current ratio of 2.11. The business’s 50-day simple moving average is $61.75 and its 200-day simple moving average is $55.40. The firm has a market capitalization of $1.75 billion, a PE ratio of 57.27 and a beta of 1.16. Stewart Information Services Co. has a 52 week low of $36.81 and a 52 week high of $65.35.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. The business had revenue of $582.17 million for the quarter, compared to analyst estimates of $566.46 million. Stewart Information Services had a return on equity of 3.85% and a net margin of 1.35%. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts forecast that Stewart Information Services Co. will post 4.5 earnings per share for the current year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.99%. Stewart Information Services’s payout ratio is presently 171.17%.

Stewart Information Services Company Profile

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.