Quantinno Capital Management LP raised its stake in shares of Stewart Information Services Corporation (NYSE:STC – Free Report) by 85.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,143 shares of the insurance provider’s stock after acquiring an additional 15,754 shares during the period. Quantinno Capital Management LP’s holdings in Stewart Information Services were worth $2,103,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Stewart Information Services in the 4th quarter worth $43,000. Horizon Investments LLC bought a new position in shares of Stewart Information Services during the fourth quarter valued at about $65,000. Kemnay Advisory Services Inc. bought a new position in shares of Stewart Information Services during the fourth quarter valued at about $66,000. Clearstead Advisors LLC boosted its holdings in Stewart Information Services by 50.9% during the fourth quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider’s stock worth $69,000 after purchasing an additional 331 shares during the last quarter. Finally, State of Wyoming purchased a new position in Stewart Information Services during the first quarter worth about $118,000. 96.90% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
STC has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Stephens reissued an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a research report on Monday, May 18th. Keefe, Bruyette & Woods lowered Stewart Information Services from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $77.00 to $71.00 in a report on Monday, July 27th. Wall Street Zen downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.
Insider Buying and Selling
In other Stewart Information Services news, Director C Allen Bradley, Jr. bought 1,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.94% of the stock is currently owned by company insiders.
Stewart Information Services Stock Performance
NYSE:STC opened at $65.47 on Tuesday. 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 business has a fifty day simple moving average of $67.36 and a two-hundred day simple moving average of $66.83. Stewart Information Services Corporation has a 1 year low of $57.10 and a 1 year high of $78.61. The company has a market capitalization of $1.99 billion, a P/E ratio of 14.36 and a beta of 0.98.
Stewart Information Services (NYSE:STC – Get Free Report) last issued its 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 net margin of 4.12% and a return on equity of 10.02%. The firm had revenue of $895.80 million during the quarter, compared to the consensus estimate of $838.07 million. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. On average, analysts expect that Stewart Information Services Corporation will post 5.26 earnings per share for the current year.
Stewart Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s payout ratio is currently 46.05%.
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.
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