Ontario Teachers Pension Plan Board lifted its position in Stewart Information Services Corp (NYSE:STC) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,055 shares of the insurance provider’s stock after purchasing an additional 479 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.31% of Stewart Information Services worth $3,161,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of Stewart Information Services by 1,658.8% in the first quarter. Quadrant Capital Group LLC now owns 598 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 564 shares during the last quarter. SG Americas Securities LLC bought a new stake in Stewart Information Services during the first quarter worth approximately $127,000. Piedmont Investment Advisors Inc. increased its stake in Stewart Information Services by 5.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 5,954 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 311 shares during the last quarter. Aptus Capital Advisors LLC bought a new stake in Stewart Information Services during the fourth quarter worth approximately $250,000. Finally, Hsbc Holdings PLC increased its stake in Stewart Information Services by 4.5% during the fourth quarter. Hsbc Holdings PLC now owns 6,448 shares of the insurance provider’s stock worth $267,000 after acquiring an additional 279 shares during the last quarter. 88.32% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Stewart Information Services from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Stewart Information Services has a consensus rating of “Hold” and a consensus target price of $46.33.
Stewart Information Services (NYSE:STC) last announced its earnings results on Thursday, April 25th. The insurance provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). Stewart Information Services had a return on equity of 7.41% and a net margin of 2.38%. The business had revenue of $398.52 million for the quarter. As a group, equities research analysts forecast that Stewart Information Services Corp will post 2.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.96%. Stewart Information Services’s dividend payout ratio (DPR) is presently 55.56%.
Stewart Information Services Company Profile
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
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