Stewart Information Services Co. (NYSE:STC) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its stake in shares of Stewart Information Services Co. (NYSE:STC) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 271,588 shares of the insurance provider’s stock after selling 3,971 shares during the quarter. Glenmede Trust Co. NA’s holdings in Stewart Information Services were worth $20,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Stewart Information Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,922,385 shares of the insurance provider’s stock worth $125,070,000 after purchasing an additional 15,910 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Stewart Information Services by 149.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider’s stock worth $25,568,000 after buying an additional 204,688 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Stewart Information Services in the 2nd quarter worth $503,000. Assenagon Asset Management S.A. boosted its holdings in shares of Stewart Information Services by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock valued at $5,211,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Stewart Information Services by 906.9% during the second quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock worth $40,733,000 after acquiring an additional 590,977 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Stock Performance

Shares of STC opened at $75.61 on Thursday. The company has a market capitalization of $2.10 billion, a PE ratio of 35.67 and a beta of 1.21. Stewart Information Services Co. has a 52-week low of $46.40 and a 52-week high of $76.88. The company has a 50-day simple moving average of $71.49 and a 200-day simple moving average of $68.76. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

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

Stewart Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.65%. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, September 16th. Stewart Information Services’s dividend payout ratio is presently 94.34%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted 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.

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.