Quest Partners LLC Increases Position in Stewart Information Services Co. (NYSE:STC)

Quest Partners LLC lifted its holdings in Stewart Information Services Co. (NYSE:STC) by 58,275.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,670 shares of the insurance provider’s stock after purchasing an additional 4,662 shares during the quarter. Quest Partners LLC’s holdings in Stewart Information Services were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Stewart Information Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider’s stock worth $125,070,000 after buying an additional 15,910 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Stewart Information Services in the 2nd quarter worth about $503,000. Assenagon Asset Management S.A. boosted its holdings in Stewart Information Services by 1.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock worth $5,211,000 after buying an additional 1,217 shares during the last quarter. Millennium Management LLC boosted its holdings in Stewart Information Services by 906.9% in the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock worth $40,733,000 after buying an additional 590,977 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Stewart Information Services by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock worth $73,669,000 after buying an additional 65,965 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price objective on Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th.

Stewart Information Services Trading Up 2.3 %

Shares of Stewart Information Services stock opened at $76.33 on Tuesday. The stock has a market cap of $2.12 billion, a P/E ratio of 35.96 and a beta of 1.21. The stock’s 50 day simple moving average is $71.47 and its 200-day simple moving average is $68.59. Stewart Information Services Co. has a 1-year low of $45.53 and a 1-year high of $76.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.94.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. The business had revenue of $667.94 million for the quarter, compared to analysts’ expectations of $638.40 million. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Analysts predict that Stewart Information Services Co. will post 3.32 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date was Monday, September 16th. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. Stewart Information Services’s dividend payout ratio is currently 94.34%.

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.