Pitcairn Co. Purchases 577 Shares of Stewart Information Services Co. (NYSE:STC)

Pitcairn Co. increased its position in Stewart Information Services Co. (NYSE:STC) by 9.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,877 shares of the insurance provider’s stock after buying an additional 577 shares during the period. Pitcairn Co.’s holdings in Stewart Information Services were worth $447,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in shares of Stewart Information Services during the 4th quarter valued at about $805,000. Dimensional Fund Advisors LP boosted its holdings in shares of Stewart Information Services by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock valued at $112,963,000 after purchasing an additional 59,639 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Stewart Information Services during the 1st quarter valued at about $4,917,000. Quantbot Technologies LP bought a new position in shares of Stewart Information Services during the 1st quarter valued at about $576,000. Finally, Quadrature Capital Ltd bought a new position in shares of Stewart Information Services during the 4th quarter valued at about $422,000. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Trading Down 1.1 %

Stewart Information Services stock traded down $0.83 during midday trading on Thursday, reaching $72.33. The stock had a trading volume of 510,111 shares, compared to its average volume of 202,716. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. Stewart Information Services Co. has a 52-week low of $38.40 and a 52-week high of $74.46. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 47.56 and a beta of 1.21. The company has a fifty day moving average of $64.16 and a 200 day moving average of $62.45.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, July 24th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). The company had revenue of $602.20 million during the quarter, compared to the consensus estimate of $597.00 million. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. Stewart Information Services’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, analysts anticipate that Stewart Information Services Co. will post 4.24 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.475 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.90 dividend on an annualized basis and a yield of 2.63%. Stewart Information Services’s dividend payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

Several research firms have commented on STC. Keefe, Bruyette & Woods dropped their price objective on shares of Stewart Information Services from $64.00 to $61.00 and set a “market perform” rating for the company in a report on Tuesday, July 2nd. Stephens restated an “overweight” rating and set a $79.00 target price on shares of Stewart Information Services in a research report on Thursday. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, BTIG Research increased their price objective on shares of Stewart Information Services from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday.

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.