Illinois Municipal Retirement Fund Has $846,000 Holdings in Stewart Information Services Co. (NYSE:STC)

Illinois Municipal Retirement Fund decreased its holdings in Stewart Information Services Co. (NYSE:STC) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,400 shares of the insurance provider’s stock after selling 1,057 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Stewart Information Services were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in STC. Louisiana State Employees Retirement System bought a new position in shares of Stewart Information Services in the fourth quarter valued at approximately $805,000. Natixis Advisors L.P. boosted its holdings in Stewart Information Services by 5.9% during the 3rd quarter. Natixis Advisors L.P. now owns 10,766 shares of the insurance provider’s stock worth $472,000 after acquiring an additional 601 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Stewart Information Services by 14.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 136,935 shares of the insurance provider’s stock worth $8,045,000 after acquiring an additional 17,451 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Stewart Information Services by 4.6% in the 4th quarter. DAVENPORT & Co LLC now owns 705,777 shares of the insurance provider’s stock worth $41,464,000 after acquiring an additional 31,211 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Stewart Information Services by 8.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,930 shares of the insurance provider’s stock valued at $936,000 after purchasing an additional 1,202 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Stock Up 1.0 %

STC opened at $63.06 on Tuesday. The company’s 50-day moving average price is $61.83 and its two-hundred day moving average price is $56.12. The company has a quick ratio of 2.11, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. Stewart Information Services Co. has a twelve month low of $38.40 and a twelve month high of $65.35. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 41.49 and a beta of 1.16.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. The business had revenue of $554.32 million during the quarter. As a group, equities analysts expect that Stewart Information Services Co. will post 4.5 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Thursday, March 14th. Stewart Information Services’s dividend payout ratio (DPR) is currently 125.00%.

Insider Buying and Selling

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total transaction of $757,320.00. Following the sale, the director now owns 76,867 shares of the company’s stock, valued at approximately $4,851,076.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.99% of the stock is owned by insiders.

Analysts Set New Price Targets

STC has been the subject of a number of recent analyst reports. BTIG Research upped their price objective on shares of Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods upped their target price on Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Finally, Stephens reiterated an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Stewart Information Services currently has an average rating of “Moderate Buy” and an average price target of $69.33.

About Stewart Information Services

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.