DAVENPORT & Co LLC Reduces Holdings in Stewart Information Services Co. (NYSE:STC)

DAVENPORT & Co LLC decreased its position in shares of Stewart Information Services Co. (NYSE:STC) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,828 shares of the insurance provider’s stock after selling 65,249 shares during the period. DAVENPORT & Co LLC owned approximately 1.86% of Stewart Information Services worth $35,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in STC. Geode Capital Management LLC grew its holdings 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 purchasing an additional 8,597 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 worth $25,568,000 after buying an additional 204,688 shares during the period. FMR LLC lifted its stake in shares of Stewart Information Services by 0.4% during the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Stewart Information Services by 5.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,071 shares of the insurance provider’s stock valued at $4,938,000 after acquiring an additional 3,272 shares during the period. Finally, Barclays PLC grew its position in Stewart Information Services by 337.0% in the 3rd quarter. Barclays PLC now owns 45,500 shares of the insurance provider’s stock valued at $3,400,000 after acquiring an additional 35,088 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of Stewart Information Services from $84.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th.

Stewart Information Services Price Performance

STC opened at $65.24 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 30.77 and a beta of 1.24. 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 $56.16 and a 12-month high of $78.44. The business’s fifty day simple moving average is $68.91 and its 200-day simple moving average is $70.55.

Stewart Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, December 16th. Stewart Information Services’s dividend payout ratio (DPR) is 94.34%.

Insider Activity

In related news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total transaction of $956,073.88. Following the transaction, the director now directly owns 65,330 shares of the company’s stock, valued at $4,842,259.60. This trade represents a 16.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.50% of the company’s stock.

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.