Illinois Municipal Retirement Fund Has $846,000 Stock Position in Stewart Information Services Co. (NYSE:STC)

Illinois Municipal Retirement Fund cut its stake in shares of Stewart Information Services Co. (NYSE:STC) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,400 shares of the insurance provider’s stock after selling 1,057 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Stewart Information Services worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Stewart Information Services in the third quarter worth $236,000. Handelsbanken Fonder AB bought a new stake in shares of Stewart Information Services in the third quarter worth about $206,000. Azarias Capital Management L.P. raised its position in shares of Stewart Information Services by 107.8% during the third quarter. Azarias Capital Management L.P. now owns 160,856 shares of the insurance provider’s stock worth $7,045,000 after purchasing an additional 83,452 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Stewart Information Services by 6.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider’s stock valued at $645,000 after purchasing an additional 860 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Stewart Information Services by 215.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 4,550 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

STC has been the topic of several research analyst reports. BTIG Research raised their target price on shares of Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Finally, Stephens reiterated an “overweight” rating and set a $79.00 target price on shares of Stewart Information Services in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stewart Information Services has an average rating of “Moderate Buy” and a consensus price target of $69.33.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total transaction of $757,320.00. Following the transaction, the director now owns 76,867 shares of the company’s stock, valued at approximately $4,851,076.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.99% of the company’s stock.

Stewart Information Services Price Performance

NYSE STC opened at $63.06 on Tuesday. The firm’s 50 day moving average is $61.83 and its 200-day moving average is $56.12. The company has a quick ratio of 2.11, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.73 billion, a PE ratio of 41.49 and a beta of 1.16. Stewart Information Services Co. has a 12-month low of $38.40 and a 12-month high of $65.35.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. The firm had revenue of $554.32 million for the quarter. Equities research analysts anticipate that Stewart Information Services Co. will post 4.5 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 Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.90 annualized dividend and a yield of 3.01%. Stewart Information Services’s payout ratio is presently 125.00%.

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.