Mutual of America Capital Management LLC Purchases 238 Shares of Stewart Information Services Co. (NYSE:STC)

Mutual of America Capital Management LLC lifted its position in Stewart Information Services Co. (NYSE:STC) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,811 shares of the insurance provider’s stock after acquiring an additional 238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Stewart Information Services were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. The PNC Financial Services Group Inc. lifted its holdings in shares of Stewart Information Services by 2.2% in the 1st quarter. The PNC Financial Services Group Inc. now owns 8,452 shares of the insurance provider’s stock worth $441,000 after acquiring an additional 180 shares during the last quarter. Ziegler Capital Management LLC lifted its holdings in Stewart Information Services by 1.3% during the 2nd quarter. Ziegler Capital Management LLC now owns 26,471 shares of the insurance provider’s stock valued at $1,501,000 after buying an additional 341 shares in the last quarter. O Shares Investment Advisers LLC lifted its holdings in Stewart Information Services by 2.2% during the 1st quarter. O Shares Investment Advisers LLC now owns 18,200 shares of the insurance provider’s stock valued at $947,000 after buying an additional 391 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Stewart Information Services by 2.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 18,547 shares of the insurance provider’s stock valued at $1,051,000 after buying an additional 440 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Stewart Information Services by 7.8% during the 1st quarter. Bank of Montreal Can now owns 7,244 shares of the insurance provider’s stock valued at $409,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 92.24% of the company’s stock.

NYSE STC opened at $60.35 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 6.07 and a beta of 1.07. The company’s 50-day simple moving average is $59.44 and its two-hundred day simple moving average is $57.52. Stewart Information Services Co. has a one year low of $39.72 and a one year high of $64.50.

Stewart Information Services (NYSE:STC) last posted its earnings results on Tuesday, July 20th. The insurance provider reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $1.31. The business had revenue of $818.81 million for the quarter. Stewart Information Services had a net margin of 9.32% and a return on equity of 24.12%. Equities analysts expect that Stewart Information Services Co. will post 9.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, September 14th. Stewart Information Services’s dividend payout ratio (DPR) is 20.79%.

A number of brokerages recently weighed in on STC. Zacks Investment Research lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Wednesday. TD Securities began coverage on shares of Stewart Information Services in a report on Tuesday, August 10th. They set a “buy” rating for the company.

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 comprises of 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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