New York State Common Retirement Fund Sells 3,783 Shares of Stewart Information Services Co. (NYSE:STC)

New York State Common Retirement Fund reduced its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,056 shares of the insurance provider’s stock after selling 3,783 shares during the period. New York State Common Retirement Fund’s holdings in Stewart Information Services were worth $3,705,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of STC. Federated Hermes Inc. raised its holdings in Stewart Information Services by 499,150.0% in the fourth quarter. Federated Hermes Inc. now owns 19,970 shares of the insurance provider’s stock worth $1,173,000 after buying an additional 19,966 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stewart Information Services by 49.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the insurance provider’s stock worth $380,000 after buying an additional 2,147 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Stewart Information Services in the fourth quarter worth about $805,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 worth $936,000 after buying an additional 1,202 shares during the last quarter. Finally, Trust Point Inc. purchased a new position in Stewart Information Services in the fourth quarter worth about $532,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted 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 report on Thursday, March 21st. Stephens reissued an “overweight” rating and set a $79.00 price objective on shares of Stewart Information Services in a report on Thursday, April 25th. Finally, BTIG Research boosted their price objective on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stewart Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $69.33.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the completion of the transaction, the director now directly owns 76,867 shares in the company, valued at $4,851,076.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

Stewart Information Services Stock Up 1.1 %

STC opened at $63.11 on Monday. The company has a quick ratio of 2.11, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $61.91 and a 200-day moving average price of $56.69. 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 capitalization of $1.73 billion, a price-to-earnings ratio of 41.52 and a beta of 1.17.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $554.32 million during the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. 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 announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.90 annualized dividend and a yield of 3.01%. Stewart Information Services’s dividend payout ratio (DPR) is 125.00%.

Stewart Information Services 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.