Robeco Institutional Asset Management BV increased its holdings in Stewart Information Services Co. (NYSE: STC – Get Rating) by 325.1% during the 1st quarter, according to its latest communication with the Securities & Exchange Commission. The institutional investor held 18,370 shares of the insurance provider after purchasing an additional 14,049 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in Stewart Information Services amounted to USD 1,114,000 at the end of the last reporting period.
A number of other large investors have also increased or reduced their stake in STC. Allspring Global Investments Holdings LLC acquired a new stake in Stewart Information Services in the fourth quarter valued at approximately $129,028,000. Hillcrest Asset Management LLC acquired a new stake in Stewart Information Services in the fourth quarter valued at approximately $12,177,000. Assenagon Asset Management SA increased its stake in Stewart Information Services by 277.5% in the fourth quarter. Assenagon Asset Management SA now owns 164,156 shares of the insurance provider valued at $13,088,000 after buying an additional 120,670 shares last quarter. Outlook Wealth Advisors LLC increased its stake in Stewart Information Services to 68.7% in the fourth quarter. Outlook Wealth Advisors LLC now owns 291,539 shares of the insurance provider valued at $23,244,000 after buying an additional 118,742 shares last quarter. Finally, Allianz Asset Management GmbH increased its stake in the shares of Stewart Information Services by 142.6% during the fourth quarter. Allianz Asset Management GmbH now owns 124,218 shares of the insurance provider valued at $9,903,000 after buying an additional 73,013 shares last quarter. 92.23% of the shares are currently held by institutional investors and hedge funds.
A number of brokerages have recently commented on STC. StockNews.com upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a Tuesday, May 10 research note. BTIG Research cut its price target on Stewart Information Services from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, July 8.
Shares of STC opened at $49.14 on Friday. The company’s 50-day moving average price is $52.77 and its 200-day moving average price is $61.50. Stewart Information Services Co. has a 12-month low of $45.63 and a 12-month high of $81.00. The company has a market capitalization of $1.33 billion, a price-earnings ratio of 4.10 and a beta of 1.13. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt ratio of 0.34.
Stewart Information Services (NYSE:STC – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The insurance provider reported earnings per share (EPS) of $2.03 for the quarter. Stewart Information Services achieved a return on equity of 24.84% and a net margin of 9.42%. The company had revenue of $852.92 million in the quarter. In the same quarter last year, the company earned earnings per share of $1.92. On average, sell-side analysts expect Stewart Information Services Co. to post earnings per share of 8.05 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.375 per share. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.50 on an annualized basis and a dividend yield of 3.05%. Stewart Information Services’ dividend payout ratio (DPR) is 12.51%.
Separately, CEO Frederick H. Eppinger acquired 3,000 shares in a transaction dated Friday, April 29. The stock was purchased at an average cost of $52.00 per share, for a total transaction of $156,000.00. Following completion of the transaction, the CEO now directly owns 93,262 shares of the company, valued at $4,849,624. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CEO Frederick H. Eppinger acquired 1,500 shares in a trade dated Wednesday, June 15. The shares were purchased at an average price of $48.91 per share, with a total value of $73,365.00. Following completion of the transaction, the CEO now directly owns 94,762 shares of the company, valued at $4,634,809.42. Disclosure of this purchase can be found here. Insiders bought 7,500 shares of the company valued at $394,965 over the past 90 days. 1.50% of the shares are held by insiders.
Stewart Information Services Company Profile (Get a rating)
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The Company operates in two segments, Title, Ancillary Services and Enterprises. The Title segment is involved in the search, examination, closing and status assurance of real estate title.
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