Rockefeller Capital Management L.P. Sells 170,526 Shares of Stewart Information Services Corporation $STC

Rockefeller Capital Management L.P. trimmed its stake in Stewart Information Services Corporation (NYSE:STC) by 44.5% in the fourth quarter, Holdings Channel reports. The firm owned 212,946 shares of the insurance provider’s stock after selling 170,526 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Stewart Information Services were worth $14,962,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital International Investors increased its position in shares of Stewart Information Services by 107.7% during the 3rd quarter. Capital International Investors now owns 764,459 shares of the insurance provider’s stock worth $56,050,000 after purchasing an additional 396,390 shares during the last quarter. Zimmer Partners LP bought a new position in shares of Stewart Information Services in the fourth quarter valued at $24,901,000. Millennium Management LLC grew its stake in shares of Stewart Information Services by 75.9% in the fourth quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock valued at $49,263,000 after buying an additional 302,623 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Stewart Information Services during the fourth quarter worth $21,078,000. Finally, Ghisallo Capital Management LLC acquired a new position in Stewart Information Services during the fourth quarter worth $19,673,000. 96.90% of the stock is currently owned by institutional investors.

Stewart Information Services Trading Up 2.6%

STC stock opened at $67.93 on Wednesday. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.61. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 15.16 and a beta of 0.99. The company has a fifty day moving average price of $67.08 and a two-hundred day moving average price of $67.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.12 and a quick ratio of 2.12.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.26. The company had revenue of $778.40 million for the quarter, compared to analyst estimates of $730.43 million. Stewart Information Services had a net margin of 4.19% and a return on equity of 10.07%. The company’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts anticipate that Stewart Information Services Corporation will post 5.8 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.525 dividend. The ex-dividend date of this dividend is 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 46.88%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $88.00 price target on shares of Stewart Information Services in a research note on Monday, May 18th. Wall Street Zen raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings upgraded shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Zacks Research raised Stewart Information Services to a “hold” rating in a research report on Wednesday, May 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Insider Buying and Selling

In other Stewart Information Services news, CFO David C. Hisey sold 10,992 shares of the 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 transaction, the chief financial officer owned 61,929 shares in the company, valued at $4,414,299.12. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $63.87 per share, with a total value of $63,870.00. Following the transaction, the director owned 25,034 shares of the company’s stock, valued at $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 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.