Versor Investments LP Has $392,000 Stake in Stewart Information Services Corporation $STC

Versor Investments LP lowered its holdings in Stewart Information Services Corporation (NYSE:STC) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,500 shares of the insurance provider’s stock after selling 500 shares during the quarter. Versor Investments LP’s holdings in Stewart Information Services were worth $392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Stewart Information Services by 2.8% in the first quarter. Principal Financial Group Inc. now owns 138,212 shares of the insurance provider’s stock valued at $9,861,000 after buying an additional 3,821 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Stewart Information Services by 1.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,682,009 shares of the insurance provider’s stock worth $120,600,000 after buying an additional 30,160 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new position in Stewart Information Services during the 1st quarter worth about $283,000. Deutsche Bank AG lifted its position in Stewart Information Services by 55.4% during the 4th quarter. Deutsche Bank AG now owns 23,233 shares of the insurance provider’s stock worth $1,568,000 after buying an additional 8,284 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Stewart Information Services by 4.1% during the 4th quarter. Bank of America Corp DE now owns 316,444 shares of the insurance provider’s stock worth $21,357,000 after buying an additional 12,455 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STC shares. Keefe, Bruyette & Woods upped their price target on shares of Stewart Information Services from $72.00 to $73.00 and gave the stock a “market perform” rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Stewart Information Services Trading Down 0.4%

Shares of STC opened at $70.5580 on Thursday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.31. Stewart Information Services Corporation has a 12-month low of $56.39 and a 12-month high of $78.44. The firm has a market capitalization of $1.98 billion, a PE ratio of 22.69 and a beta of 0.91. The stock’s fifty day simple moving average is $64.75 and its 200-day simple moving average is $65.96.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, July 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.04. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%.The business had revenue of $721.50 million for the quarter, compared to analyst estimates of $671.90 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, research analysts predict that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 16th. Stewart Information Services’s dividend payout ratio is currently 64.31%.

Insider Activity at Stewart Information Services

In related news, Director C Allen Bradley, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average price of $59.63 per share, for a total transaction of $59,630.00. Following the completion of the acquisition, the director owned 20,243 shares of the company’s stock, valued at $1,207,090.09. This trade represents a 5.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David C. Hisey sold 2,224 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $64.39, for a total value of $143,203.36. Following the completion of the sale, the chief financial officer owned 58,359 shares of the company’s stock, valued at $3,757,736.01. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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.