Stewart Information Services Co. (NYSE:STC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Stewart Information Services Co. (NYSE:STC) by 0.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 536,619 shares of the insurance provider’s stock after selling 1,489 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Stewart Information Services were worth $40,107,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in Stewart Information Services by 906.9% in the second quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after purchasing an additional 590,977 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Stewart Information Services by 149.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider’s stock valued at $25,568,000 after buying an additional 204,688 shares during the period. Emerald Advisers LLC purchased a new position in shares of Stewart Information Services in the 3rd quarter valued at about $5,330,000. Victory Capital Management Inc. grew its position in shares of Stewart Information Services by 7.2% during the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock worth $73,669,000 after buying an additional 65,965 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Stewart Information Services during the third quarter worth approximately $3,770,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $71.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th.

Stewart Information Services Price Performance

STC stock opened at $76.37 on Tuesday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 36.02 and a beta of 1.21. Stewart Information Services Co. has a fifty-two week low of $49.40 and a fifty-two week high of $76.88. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $71.53 and a 200 day moving average price of $69.10.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.21. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. The business had revenue of $667.94 million during the quarter, compared to analysts’ expectations of $638.40 million. During the same quarter in the prior year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Stewart Information Services Co. will post 3.32 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.62%. Stewart Information Services’s payout ratio is currently 94.34%.

Insider Buying and Selling at Stewart Information Services

In related news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the transaction, the director now directly owns 65,330 shares in the company, valued at $4,842,259.60. This trade represents a 16.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

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.