Allspring Global Investments Holdings LLC Increases Stock Position in Stewart Information Services Co. (NYSE:STC)

Allspring Global Investments Holdings LLC grew its position in shares of Stewart Information Services Co. (NYSE:STC) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,651,849 shares of the insurance provider’s stock after purchasing an additional 10,132 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Stewart Information Services worth $108,741,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in STC. Blue Trust Inc. grew its stake in 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 buying an additional 208 shares during the last quarter. Heritage Family Offices LLP lifted its stake in Stewart Information Services by 9.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock valued at $238,000 after buying an additional 296 shares during the last quarter. Truist Financial Corp grew its position in shares of Stewart Information Services by 7.4% during the second quarter. Truist Financial Corp now owns 4,645 shares of the insurance provider’s stock worth $288,000 after acquiring an additional 319 shares during the last quarter. KBC Group NV increased its holdings in shares of Stewart Information Services by 58.7% in the 4th quarter. KBC Group NV now owns 1,546 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 572 shares during the period. Finally, Trust Point Inc. raised its position in Stewart Information Services by 5.0% in the 3rd quarter. Trust Point Inc. now owns 13,918 shares of the insurance provider’s stock valued at $1,040,000 after purchasing an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Stock Performance

Shares of STC opened at $67.23 on Thursday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 25.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. Stewart Information Services Co. has a 1 year low of $58.23 and a 1 year high of $78.44. The company’s fifty day moving average is $67.46 and its two-hundred day moving average is $70.25.

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

Stewart Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Monday, December 16th. Stewart Information Services’s dividend payout ratio (DPR) is 76.92%.

Insider Activity

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the transaction, the director now owns 65,330 shares in the company, valued at approximately $4,842,259.60. This represents a 16.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STC shares. StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens reissued an “overweight” rating and set a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price target on Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a research report 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.