Wellington Management Group LLP Boosts Holdings in Stewart Information Services Co. (NYSE:STC)

Wellington Management Group LLP lifted its stake in shares of Stewart Information Services Co. (NYSE:STC) by 5.8% during the 4th quarter, HoldingsChannel reports. The fund owned 90,899 shares of the insurance provider’s stock after acquiring an additional 4,955 shares during the period. Wellington Management Group LLP’s holdings in Stewart Information Services were worth $5,340,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in Stewart Information Services by 3.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,383 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 198 shares during the period. Natixis Advisors L.P. boosted its holdings in Stewart Information Services by 4.7% in the fourth quarter. Natixis Advisors L.P. now owns 11,270 shares of the insurance provider’s stock valued at $662,000 after acquiring an additional 504 shares during the last quarter. Rhumbline Advisers increased its stake in Stewart Information Services by 0.6% during the third quarter. Rhumbline Advisers now owns 89,220 shares of the insurance provider’s stock worth $3,908,000 after acquiring an additional 508 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Stewart Information Services by 8.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,930 shares of the insurance provider’s stock worth $936,000 after purchasing an additional 1,202 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Stewart Information Services by 12.3% in the 3rd quarter. Deutsche Bank AG now owns 14,266 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 1,565 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Stock Up 1.6 %

Shares of NYSE:STC opened at $62.08 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 40.84 and a beta of 1.18. The company has a 50 day moving average of $62.74 and a two-hundred day moving average of $61.31. Stewart Information Services Co. has a 52-week low of $38.40 and a 52-week high of $66.66. The company has a quick ratio of 1.95, a current 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 earnings per share for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. The business had revenue of $554.32 million during the quarter. As a group, analysts forecast that Stewart Information Services Co. will post 4.24 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s payout ratio is 125.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on STC shares. StockNews.com raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Stephens reissued an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a research report on Thursday, April 25th. BTIG Research lifted their target price on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, March 21st.

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.