Nisa Investment Advisors LLC Grows Stake in Stewart Information Services Corporation (NYSE:STC)

Nisa Investment Advisors LLC boosted its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,533 shares of the insurance provider’s stock after purchasing an additional 418 shares during the period. Nisa Investment Advisors LLC’s holdings in Stewart Information Services were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its position in shares of Stewart Information Services by 807.4% in the fourth quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 759 shares in the last quarter. State of Wyoming increased its holdings in shares of Stewart Information Services by 84.0% in the fourth quarter. State of Wyoming now owns 1,461 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 667 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Stewart Information Services by 6.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 170 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Stewart Information Services by 7.5% in the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider’s stock worth $201,000 after purchasing an additional 208 shares during the last quarter. Finally, Montchanin Asset Management LLC bought a new stake in shares of Stewart Information Services in the fourth quarter worth about $206,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STC has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price objective on Stewart Information Services from $75.00 to $72.00 and set a “market perform” rating on the stock in a research note on Thursday, July 10th. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th.

Stewart Information Services Stock Performance

Shares of STC stock opened at $58.74 on Friday. The business’s fifty day simple moving average is $62.76 and its 200-day simple moving average is $65.60. The company has a market cap of $1.64 billion, a PE ratio of 22.59 and a beta of 0.99. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.32. Stewart Information Services Corporation has a 12-month low of $56.39 and a 12-month high of $78.44.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (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 analyst estimates of $595.50 million. During the same period in the previous year, the company earned $0.17 earnings per share. Stewart Information Services’s revenue was up 10.4% on a year-over-year basis. Analysts expect that Stewart Information Services Corporation will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Monday, June 16th. Stewart Information Services’s payout ratio is currently 76.92%.

Insider Activity

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average cost of $59.63 per share, with a total value of $59,630.00. Following the purchase, the director owned 20,243 shares of the company’s stock, valued at $1,207,090.09. This represents a 5.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.