Inceptionr LLC Purchases Shares of 5,277 Stewart Information Services Co. (NYSE:STC)

Inceptionr LLC purchased a new stake in Stewart Information Services Co. (NYSE:STC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,277 shares of the insurance provider’s stock, valued at approximately $356,000.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Stewart Information Services by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. KBC Group NV boosted its stake in shares of Stewart Information Services by 58.7% during the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 572 shares in the last quarter. Blue Trust Inc. boosted its stake 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 worth $182,000 after acquiring an additional 208 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Stewart Information Services during the 3rd quarter worth about $205,000. Finally, Atria Investments Inc purchased a new stake in shares of Stewart Information Services during the 3rd quarter worth about $207,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Trading Down 0.8 %

STC stock opened at $68.69 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services Co. has a 12-month low of $58.23 and a 12-month high of $78.44. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 26.42 and a beta of 1.19. The business’s 50-day moving average is $66.49 and its 200 day moving average is $70.22.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. On average, sell-side analysts anticipate that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, March 17th. Stewart Information Services’s payout ratio is 76.92%.

Analysts Set New Price Targets

STC has been the topic of several recent analyst reports. StockNews.com raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Thursday. Stephens reissued an “overweight” rating and set a $82.00 target price on shares of Stewart Information Services in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th.

Stewart Information Services 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.