Glenmede Trust Co. NA Cuts Stock Position in Stewart Information Services Co. (NYSE:STC)

Glenmede Trust Co. NA trimmed its position in shares of Stewart Information Services Co. (NYSE:STC) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,588 shares of the insurance provider’s stock after selling 3,971 shares during the quarter. Glenmede Trust Co. NA owned 0.98% of Stewart Information Services worth $20,298,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of STC. BNP Paribas Financial Markets boosted its stake in shares of Stewart Information Services by 75.5% in the third quarter. BNP Paribas Financial Markets now owns 10,563 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 4,544 shares during the period. FMR LLC grew its stake in shares of Stewart Information Services by 0.4% in the third quarter. FMR LLC now owns 2,488,342 shares of the insurance provider’s stock worth $185,979,000 after acquiring an additional 8,853 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Stewart Information Services by 7.9% during the third quarter. The Manufacturers Life Insurance Company now owns 14,612 shares of the insurance provider’s stock worth $1,092,000 after acquiring an additional 1,074 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Stewart Information Services during the third quarter worth $3,432,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Stewart Information Services by 149.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider’s stock valued at $25,568,000 after purchasing an additional 204,688 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $71.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $75.61 on Thursday. The stock has a market cap of $2.10 billion, a P/E ratio of 35.67 and a beta of 1.21. The company has a fifty day simple moving average of $71.49 and a 200-day simple moving average of $68.76. The company has a current ratio of 1.94, 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 $46.40 and a 12-month high of $76.88.

Stewart Information Services (NYSE:STC) last released 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 business 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%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. Equities analysts expect that Stewart Information Services Co. will post 3.32 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase 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 (DPR) is 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.