Penn Capital Management Company LLC trimmed its position in shares of Stewart Information Services Corporation (NYSE:STC – Free Report) by 52.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,780 shares of the insurance provider’s stock after selling 21,853 shares during the quarter. Penn Capital Management Company LLC’s holdings in Stewart Information Services were worth $1,306,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in Stewart Information Services in the 2nd quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stewart Information Services during the fourth quarter worth $43,000. Horizon Investments LLC purchased a new stake in shares of Stewart Information Services during the fourth quarter worth $65,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Stewart Information Services during the fourth quarter worth $66,000. Finally, Clearstead Advisors LLC raised its position in shares of Stewart Information Services by 50.9% in the fourth quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider’s stock valued at $69,000 after buying an additional 331 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on STC shares. Stephens restated an “overweight” rating and set a $88.00 price target on shares of Stewart Information Services in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Benchmark began coverage on shares of Stewart Information Services in a research note on Tuesday, July 21st. They issued a “buy” rating and a $87.00 target price on the stock. Zacks Research cut Stewart Information Services from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods lowered Stewart Information Services from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $77.00 to $71.00 in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stewart Information Services presently has an average rating of “Moderate Buy” and an average target price of $81.50.
Stewart Information Services Stock Performance
NYSE:STC opened at $69.99 on Friday. The company’s 50-day moving average is $68.26 and its two-hundred day moving average is $66.89. Stewart Information Services Corporation has a 1-year low of $57.10 and a 1-year high of $78.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 15.35 and a beta of 0.98.
Stewart Information Services (NYSE:STC – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.24). The firm 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 quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. Analysts forecast that Stewart Information Services Corporation will post 5.26 EPS for the current year.
Stewart Information Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. Stewart Information Services’s dividend payout ratio (DPR) is presently 46.05%.
Insider Transactions at Stewart Information Services
In related news, insider Brian Glaze sold 1,500 shares of Stewart Information Services stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $69.16, for a total value of $103,740.00. Following the completion of the sale, the insider owned 11,784 shares in the company, valued at approximately $814,981.44. This trade represents a 11.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Allen Bradley, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the acquisition, the director directly owned 25,034 shares in the company, valued at approximately $1,598,921.58. This trade represents a 4.16% increase in their position. The SEC filing for this purchase provides additional information. 2.94% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than Stewart Information Services
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding STC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stewart Information Services Corporation (NYSE:STC – Free Report).
Receive News & Ratings for Stewart Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stewart Information Services and related companies with MarketBeat.com's FREE daily email newsletter.
