Trust Point Inc. Sells 5,998 Shares of Stewart Information Services Co. (NYSE:STC)

Trust Point Inc. reduced its position in Stewart Information Services Co. (NYSE:STC) by 43.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,920 shares of the insurance provider’s stock after selling 5,998 shares during the quarter. Trust Point Inc.’s holdings in Stewart Information Services were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. KBC Group NV boosted its stake in Stewart Information Services by 58.7% in the fourth quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 572 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 208 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Stewart Information Services by 205.6% in the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider’s stock worth $911,000 after purchasing an additional 9,077 shares in the last quarter. Heritage Family Offices LLP grew its stake in Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock worth $238,000 after buying an additional 296 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Stewart Information Services by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider’s stock valued at $47,151,000 after buying an additional 8,597 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STC. Keefe, Bruyette & Woods dropped their price target on Stewart Information Services from $84.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

Insider Transactions at Stewart Information Services

In related news, Director Matthew Morris sold 12,899 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the transaction, the director now directly owns 65,330 shares in the company, valued at $4,842,259.60. The trade was a 16.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.99% of the company’s stock.

Stewart Information Services Stock Performance

Shares of STC stock opened at $64.53 on Wednesday. Stewart Information Services Co. has a 52-week low of $56.16 and a 52-week high of $78.44. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.79 billion, a PE ratio of 30.44 and a beta of 1.23. The business has a 50-day simple moving average of $68.46 and a 200-day simple moving average of $70.47.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 3.10%. Stewart Information Services’s dividend payout ratio is presently 94.34%.

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.