Stewart Information Services Corporation $STC Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Stewart Information Services Corporation (NYSE:STCFree Report) by 10.0% during the first quarter, Holdings Channel.com reports. The fund owned 146,870 shares of the insurance provider’s stock after purchasing an additional 13,317 shares during the quarter. Principal Financial Group Inc.’s holdings in Stewart Information Services were worth $9,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STC. Zimmer Partners LP purchased a new position in Stewart Information Services during the fourth quarter valued at $24,901,000. Millennium Management LLC increased its stake in shares of Stewart Information Services by 75.9% during the fourth quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock worth $49,263,000 after purchasing an additional 302,623 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Stewart Information Services during the 4th quarter worth about $21,078,000. Ghisallo Capital Management LLC acquired a new position in shares of Stewart Information Services during the 4th quarter worth about $19,673,000. Finally, Vanguard Group Inc. lifted its stake in Stewart Information Services by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock valued at $143,665,000 after buying an additional 90,233 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STC. Keefe, Bruyette & Woods lowered their price objective on Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Stephens reissued an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Zacks Research upgraded Stewart Information Services to a “hold” rating in a research report on Wednesday, May 27th. Benchmark initiated coverage on Stewart Information Services in a research note on Tuesday, July 21st. They issued a “buy” rating and a $87.00 price target on the stock. Finally, Wall Street Zen cut Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Check Out Our Latest Research Report on STC

Stewart Information Services Stock Performance

NYSE:STC opened at $67.48 on Monday. The company’s 50-day moving average price is $67.12 and its 200-day moving average price is $66.77. The company has a current ratio of 1.98, a quick ratio of 2.12 and a debt-to-equity ratio of 0.39. The company has a market cap of $2.05 billion, a P/E ratio of 14.80 and a beta of 0.99. Stewart Information Services Corporation has a twelve month low of $57.10 and a twelve month high of $78.61.

Stewart Information Services (NYSE:STCGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.24). The business had revenue of $895.80 million for the quarter, compared to analysts’ expectations of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The firm’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. On average, sell-side analysts forecast that Stewart Information Services Corporation will post 5.8 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s payout ratio is currently 46.05%.

Insider Activity

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $63.87 per share, for a total transaction of $63,870.00. Following the completion of the transaction, the director directly owned 25,034 shares of the company’s stock, valued at approximately $1,598,921.58. This trade represents a 4.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.94% of the stock is owned by company insiders.

Stewart Information Services Profile

(Free Report)

Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.

In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.

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

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