Meeder Asset Management Inc. Purchases New Shares in Stewart Information Services Corporation $STC

Meeder Asset Management Inc. acquired a new stake in shares of Stewart Information Services Corporation (NYSE:STC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 14,357 shares of the insurance provider’s stock, valued at approximately $948,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stewart Information Services in the 4th quarter worth about $43,000. Horizon Investments LLC purchased 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 Stewart Information Services in the fourth quarter worth about $66,000. Clearstead Advisors LLC lifted its holdings in Stewart Information Services by 50.9% in the fourth quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider’s stock worth $69,000 after buying an additional 331 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in Stewart Information Services during the 2nd quarter valued at approximately $84,000. 96.90% of the stock is currently owned by institutional investors.

Insider Activity at Stewart Information Services

In other news, Director C Allen Bradley, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $63.87 per share, with a total value of $63,870.00. Following the completion of the acquisition, the director directly 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 position. The purchase 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 insiders.

Analyst Upgrades and Downgrades

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

Stewart Information Services Stock Down 0.1%

STC opened at $68.03 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $67.68 and a 200-day moving average price of $66.84. Stewart Information Services Corporation has a twelve month low of $57.10 and a twelve month high of $78.61. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.92 and a beta of 0.98.

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

Stewart Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s dividend payout ratio (DPR) is 46.05%.

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.