Russell Investments Group Ltd. Purchases 1,739 Shares of Stewart Information Services Corporation $STC

Russell Investments Group Ltd. raised its position in shares of Stewart Information Services Corporation (NYSE:STC) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,084 shares of the insurance provider’s stock after acquiring an additional 1,739 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of Stewart Information Services worth $3,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in STC. Raymond James Financial Inc. bought a new position in shares of Stewart Information Services during the 4th quarter worth about $4,034,000. Barclays PLC boosted its position in shares of Stewart Information Services by 4.9% during the 4th quarter. Barclays PLC now owns 47,737 shares of the insurance provider’s stock worth $3,222,000 after purchasing an additional 2,237 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Stewart Information Services by 7.4% during the 4th quarter. MetLife Investment Management LLC now owns 16,496 shares of the insurance provider’s stock worth $1,113,000 after purchasing an additional 1,134 shares in the last quarter. State of Tennessee Department of Treasury boosted its position in shares of Stewart Information Services by 29.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,065 shares of the insurance provider’s stock worth $612,000 after purchasing an additional 2,081 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Stewart Information Services by 12.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,152 shares of the insurance provider’s stock worth $1,428,000 after purchasing an additional 2,386 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

Shares of NYSE STC opened at $73.5610 on Friday. Stewart Information Services Corporation has a fifty-two week low of $56.39 and a fifty-two week high of $78.44. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 23.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.91 and a current ratio of 1.91. The firm’s 50-day simple moving average is $65.09 and its 200 day simple moving average is $66.06.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.30 by $0.04. The firm had revenue of $721.50 million during the quarter, compared to analyst estimates of $671.90 million. Stewart Information Services had a net margin of 3.29% and a return on equity of 7.71%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 2.7%. Stewart Information Services’s dividend payout ratio (DPR) is 64.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on STC shares. Wall Street Zen raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Keefe, Bruyette & Woods raised their price target on shares of Stewart Information Services from $72.00 to $73.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Insider Buying and Selling at Stewart Information Services

In other Stewart Information Services news, CFO David C. Hisey sold 2,224 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $64.39, for a total value of $143,203.36. Following the completion of the sale, the chief financial officer owned 58,359 shares in the company, valued at approximately $3,757,736.01. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brad Rable sold 5,694 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $65.32, for a total transaction of $371,932.08. Following the completion of the sale, the insider owned 23,872 shares of the company’s stock, valued at approximately $1,559,319.04. This trade represents a 19.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.