Vanguard Group Inc. boosted its holdings in shares of Stewart Information Services Corporation (NYSE:STC – Free Report) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,044,758 shares of the insurance provider’s stock after buying an additional 90,233 shares during the period. Vanguard Group Inc. owned about 0.07% of Stewart Information Services worth $143,665,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC bought a new stake in shares of Stewart Information Services during the third quarter valued at approximately $31,000. Exchange Traded Concepts LLC bought a new stake in Stewart Information Services in the 4th quarter valued at $65,000. Quadrant Capital Group LLC bought a new stake in Stewart Information Services in the 3rd quarter valued at $143,000. Tower Research Capital LLC TRC lifted its stake in Stewart Information Services by 70.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,271 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 935 shares in the last quarter. Finally, State of Wyoming lifted its stake in Stewart Information Services by 216.1% in the 2nd quarter. State of Wyoming now owns 2,658 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 1,817 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
STC has been the topic of several research reports. Stephens raised Stewart Information Services from an “equal weight” rating to an “overweight” rating and set a $82.00 target price on the stock in a report on Friday, February 27th. Citizens Jmp initiated coverage on Stewart Information Services in a report on Monday, February 2nd. They issued a “market outperform” rating and a $80.00 target price for the company. Keefe, Bruyette & Woods raised their price target on Stewart Information Services from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Stewart Information Services has a consensus rating of “Buy” and a consensus target price of $81.00.
Insider Activity at Stewart Information Services
In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $65.34 per share, with a total value of $65,340.00. Following the completion of the acquisition, the director owned 21,243 shares of the company’s stock, valued at approximately $1,388,017.62. This represents a 4.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David C. Hisey sold 10,992 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $71.28, for a total transaction of $783,509.76. Following the completion of the sale, the chief financial officer directly owned 61,929 shares of the company’s stock, valued at approximately $4,414,299.12. The trade was a 15.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.94% of the stock is currently owned by company insiders.
Stewart Information Services Stock Performance
Shares of NYSE:STC opened at $68.00 on Tuesday. The firm’s 50 day simple moving average is $65.32 and its 200-day simple moving average is $68.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 2.12. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.61. The firm has a market cap of $2.07 billion, a PE ratio of 15.18 and a beta of 1.02.
Stewart Information Services (NYSE:STC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.26. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The firm had revenue of $778.40 million during the quarter, compared to analyst estimates of $730.43 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. Stewart Information Services’s quarterly revenue was up 27.7% on a year-over-year basis.
Stewart Information Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, March 16th. Stewart Information Services’s dividend payout ratio is presently 46.88%.
About Stewart Information Services
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.
See Also
- Five stocks we like better than Stewart Information Services
- Sell in May and Go Away—Starting With These 3 Stocks
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
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.
