Jupiter Topco LLC Buys New Position in Stewart Information Services Corporation $STC

Jupiter Topco LLC acquired a new position in Stewart Information Services Corporation (NYSE:STC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,765 shares of the insurance provider’s stock, valued at approximately $777,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STC. Hsbc Holdings PLC bought a new position in shares of Stewart Information Services in the second quarter valued at approximately $576,000. Canada Pension Plan Investment Board bought a new stake in Stewart Information Services during the second quarter worth $640,000. Legal & General Group Plc purchased a new position in Stewart Information Services in the second quarter valued at about $5,151,000. The Manufacturers Life Insurance Company purchased a new position in Stewart Information Services in the second quarter valued at approximately $987,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Stewart Information Services in the second quarter worth $588,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian Glaze sold 1,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $69.16, for a total value of $103,740.00. Following the completion of the transaction, the insider owned 11,784 shares of the company’s stock, valued at approximately $814,981.44. This represents a 11.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.94% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on STC. Keefe, Bruyette & Woods lowered shares of Stewart Information Services from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $77.00 to $71.00 in a research report on Monday, July 27th. Stephens restated an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a research note on Monday, May 18th. Zacks Research cut Stewart Information Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Stewart Information Services in a research report on Wednesday. Finally, Benchmark started coverage on Stewart Information Services in a research report on Tuesday, July 21st. They set a “buy” rating and a $87.00 target price for the company. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stewart Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

Stewart Information Services Price Performance

Shares of Stewart Information Services stock opened at $67.41 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.98. Stewart Information Services Corporation has a one year low of $57.10 and a one year high of $78.61. The business’s 50 day simple moving average is $68.44 and its two-hundred day simple moving average is $66.81. The stock has a market capitalization of $2.06 billion, a P/E ratio of 14.78 and a beta of 0.97.

Stewart Information Services (NYSE:STC) last posted 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). The business had revenue of $895.80 million during the quarter, compared to the consensus estimate of $838.07 million. Stewart Information Services had a return on equity of 10.02% and a net margin of 4.12%.The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. Analysts forecast that Stewart Information Services Corporation will post 5.26 EPS for the current year.

Stewart Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. Stewart Information Services’s payout ratio is currently 46.05%.

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.