Nisa Investment Advisors LLC Sells 3,550 Shares of Stewart Information Services Co. (NYSE:STC)

Nisa Investment Advisors LLC lowered its position in shares of Stewart Information Services Co. (NYSE:STC) by 53.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,115 shares of the insurance provider’s stock after selling 3,550 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Stewart Information Services were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in Stewart Information Services by 2.3% during the first quarter. BlackRock Inc. now owns 3,991,364 shares of the insurance provider’s stock valued at $161,052,000 after acquiring an additional 91,319 shares during the last quarter. Vanguard Group Inc. boosted its position in Stewart Information Services by 1.1% during the third quarter. Vanguard Group Inc. now owns 2,055,044 shares of the insurance provider’s stock valued at $89,683,000 after acquiring an additional 21,654 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Stewart Information Services by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,730,293 shares of the insurance provider’s stock valued at $69,816,000 after acquiring an additional 169,056 shares during the last quarter. Victory Capital Management Inc. boosted its position in Stewart Information Services by 37.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,522,904 shares of the insurance provider’s stock valued at $65,074,000 after acquiring an additional 418,922 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Stewart Information Services by 0.3% during the first quarter. Macquarie Group Ltd. now owns 1,255,619 shares of the insurance provider’s stock valued at $50,664,000 after acquiring an additional 3,631 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

STC stock opened at $60.52 on Friday. The stock has a market capitalization of $1.66 billion, a PE ratio of 54.52 and a beta of 1.16. The company’s 50-day moving average is $61.76 and its 200-day moving average is $55.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.11 and a quick ratio of 2.11. Stewart Information Services Co. has a 1 year low of $36.81 and a 1 year high of $65.35.

Stewart Information Services (NYSE:STC) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Stewart Information Services had a net margin of 1.35% and a return on equity of 3.85%. The company had revenue of $582.17 million for the quarter, compared to analyst estimates of $566.46 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s revenue was down 11.2% compared to the same quarter last year. Equities research analysts expect that Stewart Information Services Co. will post 4.5 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.475 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.14%. Stewart Information Services’s dividend payout ratio is presently 171.17%.

Insider Buying and Selling

In related news, Director Matthew Morris sold 12,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the sale, the director now owns 76,867 shares in the company, valued at approximately $4,851,076.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on STC shares. Stephens upped their price target on shares of Stewart Information Services from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods increased their price objective on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. 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 presently has an average rating of “Moderate Buy” and an average price target of $69.33.

About Stewart Information Services

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.