Stewart Information Services Co. (NYSE:STC) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its stake in shares of Stewart Information Services Co. (NYSE:STC) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 329,993 shares of the insurance provider’s stock after selling 2,367 shares during the quarter. Stewart Information Services comprises 1.8% of Tributary Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Tributary Capital Management LLC’s holdings in Stewart Information Services were worth $21,469,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Confluence Investment Management LLC acquired a new stake in Stewart Information Services in the 1st quarter worth about $4,917,000. Dimensional Fund Advisors LP boosted its stake in Stewart Information Services by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock worth $112,963,000 after buying an additional 59,639 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Stewart Information Services by 146.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 90,807 shares of the insurance provider’s stock worth $3,977,000 after purchasing an additional 53,998 shares during the period. Azarias Capital Management L.P. raised its holdings in shares of Stewart Information Services by 31.2% in the 4th quarter. Azarias Capital Management L.P. now owns 211,081 shares of the insurance provider’s stock worth $12,401,000 after purchasing an additional 50,225 shares during the period. Finally, 1492 Capital Management LLC purchased a new position in shares of Stewart Information Services in the 4th quarter worth about $1,968,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Stock Up 0.3 %

Shares of NYSE:STC traded up $0.16 during mid-day trading on Monday, hitting $62.24. 148,794 shares of the company traded hands, compared to its average volume of 201,367. The firm has a market cap of $1.72 billion, a P/E ratio of 40.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 1.95. Stewart Information Services Co. has a 52-week low of $38.40 and a 52-week high of $66.66. The firm’s 50 day simple moving average is $62.73 and its 200 day simple moving average is $61.39.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. The business had revenue of $554.32 million for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. On average, equities analysts anticipate that Stewart Information Services Co. will post 4.24 EPS for the current year.

Stewart Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.90 annualized dividend and a dividend yield of 3.05%. Stewart Information Services’s payout ratio is currently 125.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STC shares. BTIG Research raised their price objective on Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Stephens restated an “overweight” rating and issued a $79.00 price objective on shares of Stewart Information Services in a report on Thursday, April 25th. Keefe, Bruyette & Woods raised their price objective on Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, StockNews.com upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a report on Friday, June 21st.

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.