Stewart Information Services Co. (STC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 33.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 160,700 shares of the insurance provider’s stock after selling 79,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Stewart Information Services were worth $6,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of STC. Russell Investments Group Ltd. lifted its holdings in shares of Stewart Information Services by 65.9% during the third quarter. Russell Investments Group Ltd. now owns 25,795 shares of the insurance provider’s stock worth $974,000 after buying an additional 10,247 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Stewart Information Services by 38.6% during the third quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 1,527 shares during the period. Wells Fargo & Company MN increased its position in shares of Stewart Information Services by 13.6% during the third quarter. Wells Fargo & Company MN now owns 763,468 shares of the insurance provider’s stock valued at $28,829,000 after purchasing an additional 91,643 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Stewart Information Services by 2.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 212,320 shares of the insurance provider’s stock valued at $8,018,000 after purchasing an additional 5,210 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Stewart Information Services by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,966,472 shares of the insurance provider’s stock valued at $74,254,000 after purchasing an additional 26,682 shares during the period. Institutional investors own 86.43% of the company’s stock.

A number of brokerages have weighed in on STC. ValuEngine upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Stewart Information Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 price target on shares of Stewart Information Services in a research report on Friday, December 22nd.



Shares of NYSE:STC opened at $43.64 on Thursday. Stewart Information Services Co. has a fifty-two week low of $34.48 and a fifty-two week high of $48.03. The firm has a market capitalization of $1,033.82, a price-to-earnings ratio of 20.11 and a beta of 0.88. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.16.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Stewart Information Services had a return on equity of 7.42% and a net margin of 2.49%. The firm had revenue of $525.60 million for the quarter, compared to analysts’ expectations of $504.30 million. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. research analysts predict that Stewart Information Services Co. will post 3.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, March 14th. Stewart Information Services’s dividend payout ratio (DPR) is 55.30%.

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Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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Institutional Ownership by Quarter for Stewart Information Services (NYSE:STC)

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