Rhumbline Advisers Sells 3,379 Shares of Stewart Information Services Co. (NYSE:STC)

Rhumbline Advisers lessened its stake in Stewart Information Services Co. (NYSE:STC) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,744 shares of the insurance provider’s stock after selling 3,379 shares during the period. Rhumbline Advisers owned about 0.29% of Stewart Information Services worth $5,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in STC. Capital International Investors acquired a new position in shares of Stewart Information Services in the 4th quarter valued at $15,890,000. Raymond James Financial Inc. bought a new position in Stewart Information Services during the fourth quarter worth about $4,034,000. JPMorgan Chase & Co. lifted its stake in Stewart Information Services by 93.7% during the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider’s stock worth $6,992,000 after purchasing an additional 50,113 shares during the period. AXA S.A. acquired a new stake in Stewart Information Services during the fourth quarter valued at approximately $2,643,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Stewart Information Services by 12.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider’s stock valued at $19,759,000 after purchasing an additional 32,638 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Stock Up 2.1%

Shares of NYSE STC opened at $64.32 on Friday. Stewart Information Services Co. has a 12-month low of $58.61 and a 12-month high of $78.44. The firm’s 50-day simple moving average is $63.93 and its 200 day simple moving average is $67.31. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 24.74 and a beta of 0.98.

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

Stewart Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, June 16th. Stewart Information Services’s dividend payout ratio is 76.92%.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $59.63 per share, for a total transaction of $59,630.00. Following the transaction, the director now directly owns 20,243 shares in the company, valued at $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, April 24th.

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.