Yousif Capital Management LLC Has $732,000 Holdings in Stewart Information Services Corporation (NYSE:STC)

Yousif Capital Management LLC decreased its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,257 shares of the insurance provider’s stock after selling 221 shares during the quarter. Yousif Capital Management LLC’s holdings in Stewart Information Services were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of STC. Capital International Investors acquired a new stake in Stewart Information Services in the fourth quarter worth $15,890,000. Raymond James Financial Inc. acquired a new position in shares of Stewart Information Services during the fourth quarter valued at about $4,034,000. JPMorgan Chase & Co. boosted its position in shares of Stewart Information Services by 93.7% during the 4th 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 in the last quarter. AXA S.A. acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at about $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 buying an additional 32,638 shares during the period. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

Shares of NYSE:STC opened at $62.16 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.74 billion, a PE ratio of 23.91 and a beta of 0.98. The stock’s fifty day simple moving average is $63.54 and its two-hundred day simple moving average is $66.83. Stewart Information Services Corporation has a 1-year low of $58.61 and a 1-year high of $78.44.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). Stewart Information Services had a net margin of 2.88% and a return on equity of 6.92%. The firm had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $595.50 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts forecast that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.22%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average cost of $59.63 per share, with a total value of $59,630.00. Following the acquisition, the director now owns 20,243 shares of the company’s stock, valued at $1,207,090.09. This represents a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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.