American Century Companies Inc. Has $3.30 Million Stock Position in Stewart Information Services Corporation $STC

American Century Companies Inc. increased its stake in Stewart Information Services Corporation (NYSE:STC) by 52.6% during the second quarter, Holdings Channel reports. The firm owned 50,705 shares of the insurance provider’s stock after acquiring an additional 17,483 shares during the period. American Century Companies Inc.’s holdings in Stewart Information Services were worth $3,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new stake in Stewart Information Services during the first quarter worth about $12,698,000. Public Sector Pension Investment Board raised its position in shares of Stewart Information Services by 27.4% in the 1st quarter. Public Sector Pension Investment Board now owns 88,002 shares of the insurance provider’s stock valued at $6,279,000 after buying an additional 18,913 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Stewart Information Services by 3.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,084 shares of the insurance provider’s stock worth $3,859,000 after acquiring an additional 1,739 shares during the period. Northern Trust Corp boosted its position in shares of Stewart Information Services by 0.4% during the 1st quarter. Northern Trust Corp now owns 332,891 shares of the insurance provider’s stock worth $23,752,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Stewart Information Services by 89.1% during the 1st quarter. Wellington Management Group LLP now owns 114,291 shares of the insurance provider’s stock worth $8,155,000 after acquiring an additional 53,860 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Stewart Information Services Trading Down 4.1%

NYSE STC opened at $73.18 on Tuesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 20.39 and a beta of 1.04. Stewart Information Services Corporation has a twelve month low of $56.39 and a twelve month high of $78.61. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $72.13 and its 200 day moving average is $68.71.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, October 22nd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.22. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.The business had revenue of $791.30 million during the quarter, compared to analysts’ expectations of $737.30 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, December 15th. Stewart Information Services’s dividend payout ratio (DPR) is 58.50%.

Wall Street Analyst Weigh In

Several brokerages have commented on STC. Weiss Ratings restated a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday, December 1st. Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Stewart Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

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.