Two Sigma Advisers LP grew its holdings in shares of Stewart Information Services Co. (NYSE:STC) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,787 shares of the insurance provider’s stock after acquiring an additional 4,700 shares during the period. Two Sigma Advisers LP owned about 0.09% of Stewart Information Services worth $879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Stewart Information Services by 38.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock worth $207,000 after buying an additional 1,527 shares during the period. Aperio Group LLC purchased a new stake in shares of Stewart Information Services during the 4th quarter valued at about $208,000. Teacher Retirement System of Texas purchased a new stake in shares of Stewart Information Services during the 4th quarter valued at about $263,000. Highbridge Capital Management LLC purchased a new stake in shares of Stewart Information Services during the 3rd quarter valued at about $288,000. Finally, Crossmark Global Holdings Inc. raised its position in shares of Stewart Information Services by 39.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,536 shares of the insurance provider’s stock valued at $446,000 after buying an additional 2,963 shares in the last quarter. 87.97% of the stock is owned by hedge funds and other institutional investors.
Stewart Information Services stock opened at $42.98 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $1,019.36, a P/E ratio of 19.81 and a beta of 0.87. Stewart Information Services Co. has a 1-year low of $34.48 and a 1-year high of $48.03.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Stewart Information Services’s dividend payout ratio is presently 55.30%.
STC has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Stewart Information Services from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.
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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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