Stewart Information Services Corp (STC) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC lessened its holdings in shares of Stewart Information Services Corp (NYSE:STC) by 16.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 143,257 shares of the insurance provider’s stock after selling 27,723 shares during the period. Citadel Advisors LLC’s holdings in Stewart Information Services were worth $6,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of STC. Itau Unibanco Holding S.A. acquired a new position in shares of Stewart Information Services during the 2nd quarter worth about $185,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Stewart Information Services during the 2nd quarter worth about $216,000. S. Muoio & CO. LLC acquired a new position in shares of Stewart Information Services during the 2nd quarter worth about $258,000. Aperio Group LLC lifted its position in shares of Stewart Information Services by 61.3% during the 2nd quarter. Aperio Group LLC now owns 8,433 shares of the insurance provider’s stock worth $363,000 after purchasing an additional 3,204 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Stewart Information Services during the 2nd quarter worth about $372,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services stock opened at $41.57 on Friday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $979.04 million, a price-to-earnings ratio of 19.16 and a beta of 0.82. Stewart Information Services Corp has a 12 month low of $38.72 and a 12 month high of $47.37.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $507.64 million during the quarter. Stewart Information Services had a return on equity of 8.55% and a net margin of 2.61%. As a group, analysts expect that Stewart Information Services Corp will post 2.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Thursday, December 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $1.20 annualized dividend and a yield of 2.89%. Stewart Information Services’s dividend payout ratio (DPR) is 55.30%.

STC has been the subject of several research analyst reports. Zacks Investment Research cut Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. Stephens reissued a “hold” rating and set a $47.00 price objective on shares of Stewart Information Services in a research report on Monday, October 29th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.00 price objective on shares of Stewart Information Services in a research report on Wednesday, October 31st.

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Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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

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