Adirondack Research & Management Inc. trimmed its stake in shares of Stewart Information Services Corp (NYSE:STC) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,653 shares of the insurance provider’s stock after selling 14,800 shares during the quarter. Stewart Information Services comprises 1.8% of Adirondack Research & Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Adirondack Research & Management Inc.’s holdings in Stewart Information Services were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Mason Street Advisors LLC lifted its position in Stewart Information Services by 3.3% during the 1st quarter. Mason Street Advisors LLC now owns 7,619 shares of the insurance provider’s stock worth $325,000 after acquiring an additional 246 shares during the period. Hsbc Holdings PLC lifted its position in Stewart Information Services by 4.5% during the 4th quarter. Hsbc Holdings PLC now owns 6,448 shares of the insurance provider’s stock worth $267,000 after acquiring an additional 279 shares during the period. Piedmont Investment Advisors Inc. lifted its position in Stewart Information Services by 5.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,954 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 311 shares during the period. Thrivent Financial for Lutherans lifted its position in Stewart Information Services by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 16,962 shares of the insurance provider’s stock worth $702,000 after acquiring an additional 373 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in Stewart Information Services by 0.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 74,055 shares of the insurance provider’s stock worth $3,161,000 after acquiring an additional 479 shares during the period. 88.32% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Stewart Information Services currently has an average rating of “Hold” and an average target price of $46.33.

Shares of STC stock opened at $41.22 on Monday. The company has a market cap of $976.91 million, a PE ratio of 19.08 and a beta of 0.63. Stewart Information Services Corp has a 12-month low of $39.47 and a 12-month high of $45.75. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC) last issued its earnings results on Thursday, April 25th. The insurance provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The business had revenue of $398.52 million for the quarter. Stewart Information Services had a return on equity of 7.41% and a net margin of 2.38%. On average, equities research analysts expect that Stewart Information Services Corp will post 2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, June 13th. Stewart Information Services’s dividend payout ratio (DPR) is 55.56%.

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About Stewart Information Services

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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