Stewart Information Services Co. (NYSE:STC) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in shares of Stewart Information Services Co. (NYSE:STC) by 16.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 260,138 shares of the insurance provider’s stock after acquiring an additional 36,582 shares during the period. Rockefeller Capital Management L.P. owned about 0.94% of Stewart Information Services worth $19,443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in Stewart Information Services by 57.7% in the 2nd quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock valued at $47,000 after buying an additional 262 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Stewart Information Services in the third quarter valued at approximately $61,000. Kings Path Partners LLC purchased a new position in shares of Stewart Information Services in the second quarter valued at approximately $65,000. nVerses Capital LLC acquired a new stake in shares of Stewart Information Services in the second quarter worth approximately $74,000. Finally, Heritage Family Offices LLP purchased a new stake in shares of Stewart Information Services during the second quarter worth approximately $204,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Trading Down 0.5 %

STC opened at $75.09 on Monday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 35.42 and a beta of 1.21. The company’s 50 day simple moving average is $71.50 and its two-hundred day simple moving average is $69.01. Stewart Information Services Co. has a 1-year low of $46.40 and a 1-year high of $76.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.94.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. The firm had revenue of $667.94 million for the quarter, compared to the consensus estimate of $638.40 million. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Analysts expect that Stewart Information Services Co. will post 3.32 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.48. Stewart Information Services’s dividend payout ratio is currently 94.34%.

Analysts Set New Price Targets

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

About Stewart Information Services

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.