Renaissance Technologies LLC Sells 12,900 Shares of Stewart Information Services Corporation $STC

Renaissance Technologies LLC decreased its holdings in Stewart Information Services Corporation (NYSE:STC) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,187 shares of the insurance provider’s stock after selling 12,900 shares during the period. Renaissance Technologies LLC owned about 0.26% of Stewart Information Services worth $4,938,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Stewart Information Services during the 4th quarter worth approximately $43,000. Exchange Traded Concepts LLC acquired a new position in Stewart Information Services in the 4th quarter valued at about $65,000. Horizon Investments LLC bought a new position in Stewart Information Services in the 4th quarter valued at about $65,000. Kemnay Advisory Services Inc. bought a new position in Stewart Information Services in the 4th quarter valued at about $66,000. Finally, Clearstead Advisors LLC raised its holdings in 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 acquiring an additional 331 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stewart Information Services news, Director C Allen Bradley, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price 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 approximately $1,598,921.58. This trade represents a 4.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.94% of the stock is owned by corporate insiders.

Stewart Information Services Stock Performance

Shares of Stewart Information Services stock opened at $68.58 on Friday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 15.04 and a beta of 0.98. The company has a quick ratio of 2.12, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Stewart Information Services Corporation has a twelve month low of $57.10 and a twelve month high of $78.61. The company’s fifty day moving average is $67.26 and its 200 day moving average is $66.81.

Stewart Information Services (NYSE:STC) last released 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). Stewart Information Services had a return on equity of 10.02% and a net margin of 4.12%.The firm had revenue of $895.80 million for the quarter, compared to the consensus estimate of $838.07 million. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. Sell-side 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 announced 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. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. Stewart Information Services’s dividend payout ratio is presently 46.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on STC shares. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research downgraded Stewart Information Services from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Benchmark began coverage on Stewart Information Services in a report on Tuesday, July 21st. They issued a “buy” rating and a $87.00 price objective on the stock. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Finally, Stephens reissued an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

Stewart Information Services 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.