Intech Investment Management LLC Lowers Holdings in Stewart Information Services Corporation $STC

Intech Investment Management LLC lessened its stake in Stewart Information Services Corporation (NYSE:STC) by 72.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,904 shares of the insurance provider’s stock after selling 41,294 shares during the quarter. Intech Investment Management LLC’s holdings in Stewart Information Services were worth $1,117,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Stewart Information Services in the 4th quarter worth about $6,227,000. Portolan Capital Management LLC purchased a new position in shares of Stewart Information Services in the 3rd quarter worth about $7,463,000. Penn Capital Management Company LLC purchased a new position in shares of Stewart Information Services in the 3rd quarter worth about $2,309,000. Capital International Investors raised its position in shares of Stewart Information Services by 107.7% in 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. Finally, Vanguard Group Inc. raised its position in shares of Stewart Information Services by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock worth $143,665,000 after purchasing an additional 90,233 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Stewart Information Services

In other Stewart Information Services news, CFO David C. Hisey sold 10,992 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $71.28, for a total transaction of $783,509.76. Following the completion of the sale, the chief financial officer directly owned 61,929 shares in the company, valued at $4,414,299.12. The trade was a 15.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were purchased 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 owned 25,034 shares in the company, valued at approximately $1,598,921.58. This trade represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.94% of the company’s stock.

Stewart Information Services Price Performance

Shares of NYSE:STC opened at $65.71 on Friday. Stewart Information Services Corporation has a fifty-two week low of $56.39 and a fifty-two week high of $78.61. The business has a 50-day simple moving average of $66.06 and a two-hundred day simple moving average of $68.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 14.67 and a beta of 0.99.

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

Stewart Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, June 15th. Stewart Information Services’s payout ratio is currently 46.88%.

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.