Renaissance Technologies LLC cut its position in shares of Stewart Information Services Corp (NYSE:STC) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 810,084 shares of the insurance provider’s stock after selling 46,900 shares during the quarter. Renaissance Technologies LLC owned 3.42% of Stewart Information Services worth $32,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of STC. SG Americas Securities LLC acquired a new position in shares of Stewart Information Services during the 1st quarter valued at $127,000. Rhumbline Advisers grew its holdings in shares of Stewart Information Services by 1.2% in the 1st quarter. Rhumbline Advisers now owns 73,110 shares of the insurance provider’s stock worth $3,121,000 after acquiring an additional 839 shares during the last quarter. Comerica Bank grew its holdings in shares of Stewart Information Services by 2.5% in the 1st quarter. Comerica Bank now owns 23,542 shares of the insurance provider’s stock worth $1,034,000 after acquiring an additional 578 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Stewart Information Services by 3.7% in the 1st quarter. Texas Permanent School Fund now owns 16,109 shares of the insurance provider’s stock worth $688,000 after acquiring an additional 573 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Stewart Information Services by 3.5% in the 1st quarter. Boston Partners now owns 73,305 shares of the insurance provider’s stock worth $3,129,000 after acquiring an additional 2,493 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

Shares of NYSE STC traded up $0.06 during mid-day trading on Friday, reaching $35.51. The company had a trading volume of 7,975 shares, compared to its average volume of 226,703. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.31. The stock has a market cap of $840.76 million, a PE ratio of 16.45 and a beta of 0.56. The company has a 50-day moving average price of $36.16 and a two-hundred day moving average price of $40.61. Stewart Information Services Corp has a 1-year low of $32.61 and a 1-year high of $45.75.

Stewart Information Services (NYSE:STC) last issued its earnings results on Thursday, July 25th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.08). The company had revenue of $472.08 million during the quarter. Stewart Information Services had a return on equity of 6.87% and a net margin of 2.24%. On average, research analysts expect that Stewart Information Services Corp will post 2.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, September 13th. Stewart Information Services’s payout ratio is 55.56%.

Separately, Zacks Investment Research cut Stewart Information Services from a “buy” rating to a “sell” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Stewart Information Services has a consensus rating of “Hold” and an average price target of $46.33.

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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