Bank of America Corp DE Has $21.36 Million Stock Holdings in Stewart Information Services Co. (NYSE:STC)

Bank of America Corp DE lifted its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,444 shares of the insurance provider’s stock after buying an additional 12,455 shares during the period. Bank of America Corp DE owned about 1.14% of Stewart Information Services worth $21,357,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Stewart Information Services by 807.4% in the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 759 shares during the last quarter. KBC Group NV lifted its stake in Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 572 shares during the last quarter. Blue Trust Inc. lifted its stake in Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 208 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in Stewart Information Services by 6.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 170 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Stephens reiterated an “overweight” rating and issued a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th.

Stewart Information Services Stock Down 0.7%

Stewart Information Services stock opened at $65.93 on Tuesday. The stock has a market cap of $1.84 billion, a P/E ratio of 25.36 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a twelve month low of $58.61 and a twelve month high of $78.44. The company’s 50-day moving average price is $67.29 and its two-hundred day moving average price is $68.63.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, analysts expect that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.03%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

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.