Renaissance Technologies LLC Lowers Holdings in Stewart Information Services Co. (NYSE:STC)

Renaissance Technologies LLC trimmed its position in shares of Stewart Information Services Co. (NYSE:STC) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 129,000 shares of the insurance provider’s stock after selling 23,300 shares during the period. Renaissance Technologies LLC’s holdings in Stewart Information Services were worth $8,706,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of STC. Barclays PLC increased its position in shares of Stewart Information Services by 337.0% during the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock valued at $3,400,000 after acquiring an additional 35,088 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Stewart Information Services by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider’s stock worth $47,151,000 after purchasing an additional 8,597 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of Stewart Information Services by 9.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock worth $238,000 after purchasing an additional 296 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Stewart Information Services by 205.6% during the fourth quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider’s stock valued at $911,000 after purchasing an additional 9,077 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Stewart Information Services by 9.3% during the fourth quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 208 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Trading Up 0.2 %

Stewart Information Services stock opened at $65.27 on Friday. The business has a 50-day simple moving average of $69.06 and a two-hundred day simple moving average of $69.30. Stewart Information Services Co. has a 52-week low of $58.46 and a 52-week high of $78.44. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.82 billion, a P/E ratio of 25.11 and a beta of 1.05.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. Analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. Stewart Information Services’s dividend payout ratio is currently 76.92%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Stephens restated an “overweight” rating and set a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, StockNews.com raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Wednesday.

Stewart Information Services Company 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.