19,800 Shares in Stewart Information Services Corporation (STC) Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Stewart Information Services Corporation (NYSE:STC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,800 shares of the insurance provider’s stock, valued at approximately $875,000. Tokio Marine Asset Management Co. Ltd. owned approximately 0.08% of Stewart Information Services Corporation at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its stake in Stewart Information Services Corporation by 23.5% in the third quarter. UBS Asset Management Americas Inc. now owns 14,699 shares of the insurance provider’s stock valued at $653,000 after buying an additional 2,800 shares during the period. Rhumbline Advisers boosted its position in shares of Stewart Information Services Corporation by 11.7% in the third quarter. Rhumbline Advisers now owns 40,582 shares of the insurance provider’s stock worth $1,804,000 after buying an additional 4,250 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Stewart Information Services Corporation by 2.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,180 shares of the insurance provider’s stock worth $230,000 after buying an additional 100 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Stewart Information Services Corporation by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 115,939 shares of the insurance provider’s stock worth $5,153,000 after buying an additional 3,220 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Stewart Information Services Corporation during the third quarter worth about $392,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Stewart Information Services Corporation (NYSE:STC)

Shares of Stewart Information Services Corporation (STC) traded down 0.42% during midday trading on Friday, hitting $45.08. 130,456 shares of the company were exchanged. Stewart Information Services Corporation has a one year low of $39.11 and a one year high of $48.60. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 18.09 and a beta of 0.85. The firm’s 50 day moving average price is $45.16 and its 200 day moving average price is $44.47.

Stewart Information Services Corporation (NYSE:STC) last announced its earnings results on Thursday, April 20th. The insurance provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.24. Stewart Information Services Corporation had a net margin of 3.52% and a return on equity of 10.64%. The firm had revenue of $443 million for the quarter, compared to analysts’ expectations of $439.40 million. During the same quarter in the previous year, the business posted ($0.48) EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts forecast that Stewart Information Services Corporation will post $3.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, June 13th. Stewart Information Services Corporation’s dividend payout ratio (DPR) is presently 48.19%.

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Separately, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $41.00 price objective on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Stewart Information Services Corporation currently has a consensus rating of “Hold” and a consensus price target of $46.00.

In other news, Director James M. Chadwick sold 24,196 shares of Stewart Information Services Corporation stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $46.62, for a total value of $1,128,017.52. Following the completion of the transaction, the director now owns 3,763 shares of the company’s stock, valued at approximately $175,431.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Stewart Information Services Corporation Company Profile

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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