Capital International Investors Makes New $15.89 Million Investment in Stewart Information Services Co. (NYSE:STC)

Capital International Investors purchased a new position in Stewart Information Services Co. (NYSE:STC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 235,449 shares of the insurance provider’s stock, valued at approximately $15,890,000. Capital International Investors owned about 0.85% of Stewart Information Services at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Stewart Information Services in the 4th quarter valued at approximately $4,034,000. JPMorgan Chase & Co. raised its position in shares of Stewart Information Services by 93.7% in the fourth quarter. JPMorgan Chase & Co. now owns 103,601 shares of the insurance provider’s stock valued at $6,992,000 after purchasing an additional 50,113 shares during the period. Barclays PLC lifted its stake in shares of Stewart Information Services by 337.0% in the third quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock worth $3,400,000 after buying an additional 35,088 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Stewart Information Services by 12.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 292,776 shares of the insurance provider’s stock worth $19,759,000 after buying an additional 32,638 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Stewart Information Services by 10.9% in the 4th quarter. Bank of New York Mellon Corp now owns 299,375 shares of the insurance provider’s stock valued at $20,205,000 after buying an additional 29,496 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

STC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Wednesday, April 16th. Stephens restated an “overweight” rating and set a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lifted their price target 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.

Stewart Information Services Stock Up 0.2 %

Shares of STC opened at $65.27 on Monday. 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 $69.01 and a 200-day simple moving average of $69.20. Stewart Information Services Co. has a 52 week low of $58.61 and a 52 week high of $78.44. The firm has a market capitalization 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 quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. On average, equities research analysts expect that Stewart Information Services Co. will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. 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%.

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.