Stewart Information Services Corporation (STC) Stake Lowered by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its position in shares of Stewart Information Services Corporation (NYSE:STC) by 14.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,680 shares of the insurance provider’s stock after selling 3,142 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Stewart Information Services Corporation were worth $825,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of Stewart Information Services Corporation by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 32,537 shares of the insurance provider’s stock worth $1,436,000 after buying an additional 835 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Stewart Information Services Corporation by 16.7% in the first quarter. Wells Fargo & Company MN now owns 639,730 shares of the insurance provider’s stock worth $28,263,000 after buying an additional 91,777 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Stewart Information Services Corporation by 21.3% in the first quarter. Essex Investment Management Co. LLC now owns 36,627 shares of the insurance provider’s stock worth $1,618,000 after buying an additional 6,438 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in shares of Stewart Information Services Corporation during the first quarter worth $350,000. Finally, Fisher Asset Management LLC boosted its stake in shares of Stewart Information Services Corporation by 27.1% in the first quarter. Fisher Asset Management LLC now owns 27,694 shares of the insurance provider’s stock worth $1,224,000 after buying an additional 5,911 shares in the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.

Institutional Ownership by Quarter for Stewart Information Services Corporation (NYSE:STC)

Stewart Information Services Corporation (NYSE:STC) opened at 45.08 on Monday. The stock has a 50 day moving average of $45.16 and a 200 day moving average of $44.47. Stewart Information Services Corporation has a 1-year low of $39.11 and a 1-year high of $48.60. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 18.09 and a beta of 0.85.

Stewart Information Services Corporation (NYSE:STC) last posted its earnings results on Thursday, April 20th. The insurance provider reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.24. The firm had revenue of $443 million during the quarter, compared to the consensus estimate of $439.40 million. Stewart Information Services Corporation had a net margin of 3.52% and a return on equity of 10.64%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) EPS. Equities analysts expect that Stewart Information Services Corporation will post $3.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Tuesday, June 13th. Stewart Information Services Corporation’s dividend payout ratio (DPR) is presently 48.19%.

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Separately, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $41.00 price objective on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.00.

In related news, Director James M. Chadwick sold 24,196 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $46.62, for a total transaction of $1,128,017.52. Following the completion of the sale, the director now owns 3,763 shares of the company’s stock, valued at approximately $175,431.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

About Stewart Information Services Corporation

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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