Stewart Information Services Co. (NYSE:STC) Position Reduced by Tributary Capital Management LLC

Tributary Capital Management LLC cut its position in shares of Stewart Information Services Co. (NYSE:STC) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,166 shares of the insurance provider’s stock after selling 313 shares during the quarter. Stewart Information Services accounts for 1.7% of Tributary Capital Management LLC’s portfolio, making the stock its 21st largest position. Tributary Capital Management LLC owned about 1.19% of Stewart Information Services worth $22,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of STC. The Manufacturers Life Insurance Company grew its holdings in Stewart Information Services by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,538 shares of the insurance provider’s stock valued at $840,000 after purchasing an additional 186 shares during the last quarter. Heritage Family Offices LLP grew its stake in shares of 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 worth $238,000 after acquiring an additional 296 shares during the last quarter. Truist Financial Corp boosted its stake in 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 buying an additional 319 shares in the last quarter. Trust Point Inc. boosted its stake in Stewart Information Services by 5.0% during the third quarter. Trust Point Inc. now owns 13,918 shares of the insurance provider’s stock worth $1,040,000 after buying an additional 659 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Stewart Information Services by 5.7% during the third quarter. Natixis Advisors LLC now owns 14,888 shares of the insurance provider’s stock worth $1,113,000 after buying an additional 801 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Price Performance

Shares of STC opened at $64.34 on Friday. The firm has a market capitalization of $1.78 billion, a PE ratio of 30.35 and a beta of 1.24. The stock has a 50 day simple moving average of $69.73 and a 200 day simple moving average of $70.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94. Stewart Information Services Co. has a 52-week low of $56.16 and a 52-week high of $78.44.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. The company had revenue of $667.94 million during the quarter, compared to the consensus estimate of $638.40 million. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. Sell-side analysts predict that Stewart Information Services Co. will post 3.32 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, December 16th. Stewart Information Services’s payout ratio is currently 94.34%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STC shares. StockNews.com raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Keefe, Bruyette & Woods cut their price target on Stewart Information Services from $84.00 to $74.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th.

Insider Buying and Selling

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $74.12, for a total value of $956,073.88. Following the transaction, the director now owns 65,330 shares in the company, valued at $4,842,259.60. The trade was a 16.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

About Stewart Information Services

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.