Inceptionr LLC Makes New Investment in Stewart Information Services Co. (NYSE:STC)

Inceptionr LLC bought a new position in Stewart Information Services Co. (NYSE:STC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,277 shares of the insurance provider’s stock, valued at approximately $356,000.

A number of other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Stewart Information Services in the 4th quarter worth approximately $4,034,000. Proficio Capital Partners LLC purchased a new stake in shares of Stewart Information Services during the 4th quarter valued at approximately $749,000. Charles Schwab Investment Management Inc. raised its position in shares of Stewart Information Services by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 542,367 shares of the insurance provider’s stock valued at $36,604,000 after buying an additional 5,748 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Stewart Information Services by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the period. Finally, Versor Investments LP purchased a new stake in shares of Stewart Information Services during the 4th quarter valued at approximately $405,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on STC. StockNews.com raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Thursday. Stephens reaffirmed an “overweight” rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a research report on Friday, February 7th.

Stewart Information Services Stock Down 0.8 %

Shares of NYSE STC opened at $68.69 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 26.42 and a beta of 1.19. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 52-week low of $58.23 and a 52-week high of $78.44. The business’s 50 day moving average is $66.49 and its two-hundred day moving average is $70.22.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 17th. Stewart Information Services’s payout ratio is 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.