SG Americas Securities LLC Lowers Position in Stewart Information Services Corporation $STC

SG Americas Securities LLC trimmed its position in shares of Stewart Information Services Corporation (NYSE:STC) by 63.1% during the first quarter, HoldingsChannel reports. The fund owned 5,256 shares of the insurance provider’s stock after selling 8,984 shares during the quarter. SG Americas Securities LLC’s holdings in Stewart Information Services were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Stewart Information Services in the 4th quarter valued at approximately $43,000. Exchange Traded Concepts LLC acquired a new position in Stewart Information Services during the 4th quarter worth approximately $65,000. Horizon Investments LLC purchased a new position in shares of Stewart Information Services during the 4th quarter worth approximately $65,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at approximately $66,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Stewart Information Services by 50.9% in the 4th 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 period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stewart Information Services news, CFO David C. Hisey sold 10,992 shares of the firm’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 transaction, the chief financial officer owned 61,929 shares of the company’s stock, valued at approximately $4,414,299.12. This trade represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $63.87 per share, with a total value of $63,870.00. Following the completion of the acquisition, the director owned 25,034 shares of the company’s stock, valued at approximately $1,598,921.58. The trade was a 4.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STC shares. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Stephens reissued an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Keefe, Bruyette & Woods decreased their target price on shares of Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Zacks Research raised shares of Stewart Information Services to a “hold” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Stewart Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Stewart Information Services Stock Up 0.8%

STC opened at $67.90 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 15.16 and a beta of 0.99. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.61. The business’s fifty day moving average is $66.95 and its two-hundred day moving average is $66.90.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.26. The business had revenue of $778.40 million during the quarter, compared to the consensus estimate of $730.43 million. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The business’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. Analysts anticipate that Stewart Information Services Corporation will post 5.8 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. Stewart Information Services’s payout ratio is presently 46.88%.

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.