Quadrature Capital Ltd Invests $422,000 in Stewart Information Services Co. (NYSE:STC)

Quadrature Capital Ltd purchased a new position in shares of Stewart Information Services Co. (NYSE:STC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,171 shares of the insurance provider’s stock, valued at approximately $422,000.

A number of other institutional investors also recently modified their holdings of STC. Heritage Wealth Management LLC acquired a new position in Stewart Information Services in the 4th quarter worth about $216,000. Truist Financial Corp acquired a new position in Stewart Information Services in the 4th quarter worth about $247,000. ARGA Investment Management LP acquired a new position in Stewart Information Services in the 4th quarter worth about $293,000. Envestnet Portfolio Solutions Inc. acquired a new position in Stewart Information Services in the 3rd quarter worth about $227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Stewart Information Services by 49.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 2,147 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Trading Down 0.8 %

NYSE STC opened at $61.47 on Monday. The business’s 50-day moving average price is $62.55 and its two-hundred day moving average price is $61.10. Stewart Information Services Co. has a 12 month low of $38.40 and a 12 month high of $66.66. The firm has a market capitalization of $1.70 billion, a PE ratio of 40.44 and a beta of 1.18. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. The company had revenue of $554.32 million for the quarter. On average, analysts expect that Stewart Information Services Co. will post 4.24 EPS for the current year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.475 per share. The ex-dividend date is Monday, June 17th. This represents a $1.90 annualized dividend and a dividend yield of 3.09%. Stewart Information Services’s payout ratio is 125.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on STC. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Friday. Keefe, Bruyette & Woods upped their price target on 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. BTIG Research upped their price target on Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Stephens reiterated an “overweight” rating and issued a $79.00 price target on shares of Stewart Information Services in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Stewart Information Services 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.