Wall Street Zen cut shares of Stewart Information Services (NYSE:STC – Free Report) from a buy rating to a hold rating in a research report released on Saturday.
Other research analysts also recently issued reports about the stock. Zacks Research raised shares of Stewart Information Services to a “hold” rating in a report on Wednesday, May 27th. Keefe, Bruyette & Woods dropped their price target on Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Benchmark started coverage on Stewart Information Services in a research note on Tuesday, July 21st. They set a “buy” rating and a $87.00 price target for the company. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Finally, Stephens reiterated an “overweight” rating and set a $88.00 price objective on shares of Stewart Information Services in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.
Check Out Our Latest Research Report on STC
Stewart Information Services Price Performance
Stewart Information Services (NYSE:STC – Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. Equities analysts expect that Stewart Information Services will post 5.8 EPS for the current year.
Stewart Information Services Dividend Announcement
The company 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 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s dividend payout ratio is currently 46.05%.
Insider Activity
In other Stewart Information Services news, Director C Allen Bradley, Jr. bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $63.87 per share, with a total value of $63,870.00. Following the completion of the purchase, the director directly owned 25,034 shares of the company’s stock, valued at $1,598,921.58. This trade represents a 4.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.94% of the stock is owned by insiders.
Hedge Funds Weigh In On Stewart Information Services
A number of hedge funds and other institutional investors have recently made changes to their positions in STC. Beacon Harbor Wealth Advisors Inc. bought a new stake in Stewart Information Services during the 4th quarter valued at approximately $6,227,000. Vanguard Group Inc. grew its position in shares of 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 worth $143,665,000 after buying an additional 90,233 shares during the period. HighTower Advisors LLC bought a new position in shares of Stewart Information Services in the 4th quarter worth about $1,377,000. Seven Grand Managers LLC bought a new position in shares of Stewart Information Services in the 4th quarter worth about $1,756,000. Finally, Peregrine Capital Management LLC purchased a new position in Stewart Information Services during the 1st quarter valued at about $3,371,000. Institutional investors own 96.90% of the company’s stock.
Stewart Information Services Company Profile
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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