MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.04 Million Stock Position in Stewart Information Services Co. (NYSE:STC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Stewart Information Services Co. (NYSE:STC) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,393 shares of the insurance provider’s stock after purchasing an additional 590 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Stewart Information Services worth $1,039,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Stewart Information Services in the fourth quarter valued at about $385,000. Principal Financial Group Inc. increased its stake in shares of Stewart Information Services by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 134,391 shares of the insurance provider’s stock valued at $9,070,000 after acquiring an additional 3,938 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at approximately $749,000. SG Americas Securities LLC boosted its stake in Stewart Information Services by 205.6% during the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider’s stock worth $911,000 after acquiring an additional 9,077 shares during the last quarter. Finally, Barclays PLC boosted its stake in Stewart Information Services by 337.0% during the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock worth $3,400,000 after acquiring an additional 35,088 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STC has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Stephens reaffirmed an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, April 24th.

Stewart Information Services Stock Performance

Shares of STC stock opened at $60.66 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The company’s 50 day moving average price is $66.57 and its two-hundred day moving average price is $68.41. The company has a market capitalization of $1.69 billion, a P/E ratio of 23.33 and a beta of 1.01.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The company had revenue of $608.90 million for the quarter, compared to analyst estimates of $595.50 million. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

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.