Arizona State Retirement System Increases Stake in Stewart Information Services Corp (STC)
Arizona State Retirement System lifted its stake in shares of Stewart Information Services Corp (NYSE:STC) by 222.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,904 shares of the insurance provider’s stock after purchasing an additional 27,537 shares during the quarter. Arizona State Retirement System’s holdings in Stewart Information Services were worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in STC. SG Americas Securities LLC raised its position in shares of Stewart Information Services by 38.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 1,527 shares during the period. Aperio Group LLC acquired a new stake in shares of Stewart Information Services during the 4th quarter worth approximately $208,000. Teacher Retirement System of Texas acquired a new stake in shares of Stewart Information Services during the 4th quarter worth approximately $263,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Stewart Information Services during the 3rd quarter worth approximately $286,000. Finally, Highbridge Capital Management LLC acquired a new stake in Stewart Information Services in the 3rd quarter valued at approximately $288,000. Institutional investors and hedge funds own 86.33% of the company’s stock.
Shares of Stewart Information Services Corp (NYSE STC) opened at $41.62 on Wednesday. Stewart Information Services Corp has a 1 year low of $34.48 and a 1 year high of $48.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $970.74, a P/E ratio of 20.20 and a beta of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, March 14th. Stewart Information Services’s dividend payout ratio is currently 58.25%.
Several analysts recently commented on STC shares. Zacks Investment Research cut Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 target price on shares of Stewart Information Services in a research report on Friday, December 22nd.
Stewart Information Services Company Profile
Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.
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