Centiva Capital LP Takes $352,000 Position in Stewart Information Services Co. (NYSE:STC)

Centiva Capital LP acquired a new stake in shares of Stewart Information Services Co. (NYSE:STC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,211 shares of the insurance provider’s stock, valued at approximately $352,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Stewart Information Services by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Stewart Information Services by 807.4% in the 4th quarter. Sterling Capital Management LLC now owns 853 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 759 shares during the last quarter. KBC Group NV raised its holdings in shares of Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 572 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock worth $182,000 after acquiring an additional 208 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Stewart Information Services by 6.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider’s stock worth $191,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Trading Down 1.2%

Shares of STC stock opened at $63.76 on Monday. Stewart Information Services Co. has a 52-week low of $58.61 and a 52-week high of $78.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. The company has a 50-day simple moving average of $67.80 and a two-hundred day simple moving average of $68.77. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 24.52 and a beta of 1.01.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. The firm had revenue of $608.90 million during the quarter, compared to the consensus estimate of $595.50 million. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, March 17th. Stewart Information Services’s payout ratio is 76.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STC shares. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Stephens restated an “overweight” rating and issued a $82.00 target price on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Friday, February 7th.

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.