Aviva PLC reduced its holdings in Stewart Information Services Co. (NYSE:STC – Get Rating) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,846 shares of the insurance provider’s stock after selling 5,979 shares during the quarter. Aviva PLC owned 0.12% of Stewart Information Services worth $1,390,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Stewart Information Services by 5.7% during the 1st quarter. Raymond James & Associates now owns 13,226 shares of the insurance provider’s stock valued at $802,000 after purchasing an additional 717 shares during the period. MetLife Investment Management LLC increased its position in shares of Stewart Information Services by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,416 shares of the insurance provider’s stock valued at $874,000 after purchasing an additional 5,120 shares during the period. Rhumbline Advisers increased its position in shares of Stewart Information Services by 2.0% during the 1st quarter. Rhumbline Advisers now owns 76,531 shares of the insurance provider’s stock valued at $4,639,000 after purchasing an additional 1,472 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Stewart Information Services by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,183 shares of the insurance provider’s stock valued at $1,405,000 after purchasing an additional 2,859 shares during the period. Finally, BlackRock Inc. increased its position in shares of Stewart Information Services by 1.7% during the 1st quarter. BlackRock Inc. now owns 3,941,377 shares of the insurance provider’s stock valued at $238,885,000 after purchasing an additional 64,081 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on STC shares. Stephens reiterated an “overweight” rating and set a $58.00 price target on shares of Stewart Information Services in a research report on Thursday, February 9th. Keefe, Bruyette & Woods lowered their price target on Stewart Information Services from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 14th. Finally, TheStreet upgraded Stewart Information Services from a “c+” rating to a “b-” rating in a report on Wednesday, January 25th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Stewart Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.
Stewart Information Services Stock Performance
Stewart Information Services (NYSE:STC – Get Rating) last issued its earnings results on Thursday, February 9th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $655.91 million during the quarter, compared to analyst estimates of $622.10 million. Stewart Information Services had a return on equity of 13.30% and a net margin of 5.29%. The business’s revenue was down 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 earnings per share. As a group, sell-side analysts forecast that Stewart Information Services Co. will post 3.87 earnings per share for the current fiscal year.
Stewart Information Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.80 annualized dividend and a dividend yield of 4.22%. Stewart Information Services’s dividend payout ratio (DPR) is presently 30.30%.
Stewart Information Services Company Profile
Stewart Information Services Corp. is a real estate services company, which engages in the provision of title insurance and settlement-related services. It operates through the Title Insurance and Related Services, and Ancillary Services and Corporate segments. The Title Insurance and Related Services segment consists of searching, examining, closing, and insuring the condition of the title to real property.
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