JPMorgan Chase & Co. lowered its position in Stewart Information Services Corporation (NYSE:STC) by 31.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,438 shares of the insurance provider’s stock after selling 167,544 shares during the period. JPMorgan Chase & Co.’s holdings in Stewart Information Services Corporation were worth $15,880,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in STC. Louisiana State Employees Retirement System raised its stake in Stewart Information Services Corporation by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the insurance provider’s stock worth $420,000 after buying an additional 100 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Stewart Information Services Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 37,302 shares of the insurance provider’s stock worth $1,648,000 after buying an additional 137 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Stewart Information Services Corporation by 7.5% in the first quarter. State of Alaska Department of Revenue now owns 4,590 shares of the insurance provider’s stock worth $201,000 after buying an additional 320 shares in the last quarter. Mason Street Advisors LLC raised its stake in Stewart Information Services Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock worth $241,000 after buying an additional 358 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Stewart Information Services Corporation by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 137,580 shares of the insurance provider’s stock worth $6,339,000 after buying an additional 740 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Stewart Information Services Corporation (NYSE:STC)

Shares of Stewart Information Services Corporation (STC) opened at 45.01 on Tuesday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 18.06 and a beta of 0.85. Stewart Information Services Corporation has a 12 month low of $39.11 and a 12 month high of $48.60. The company has a 50-day moving average price of $45.10 and a 200-day moving average price of $44.42.

Stewart Information Services Corporation (NYSE:STC) last posted its quarterly earnings results on Thursday, April 20th. The insurance provider reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.24. Stewart Information Services Corporation had a return on equity of 10.64% and a net margin of 3.52%. The firm had revenue of $443 million during the quarter, compared to analyst estimates of $439.40 million. During the same period last year, the company earned ($0.48) earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts forecast that Stewart Information Services Corporation will post $3.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, June 13th. Stewart Information Services Corporation’s payout ratio is currently 48.19%.

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Separately, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $41.00 price target on shares of Stewart Information Services Corporation in a research report on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.00.

In other news, Director James M. Chadwick sold 24,196 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $46.62, for a total value of $1,128,017.52. Following the completion of the transaction, the director now directly owns 3,763 shares of the company’s stock, valued at $175,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

About Stewart Information Services Corporation

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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