Corient Private Wealth LP Takes $1.76 Million Position in Stewart Information Services Corporation $STC

Corient Private Wealth LP acquired a new stake in Stewart Information Services Corporation (NYSE:STC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,692 shares of the insurance provider's stock, valued at approximately $1,762,000. Corient Private Wealth LP owned approximately 0.09% of Stewart Information Services at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STC. Vanguard Group Inc. grew its position in shares of Stewart Information Services by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider's stock worth $143,665,000 after acquiring an additional 90,233 shares during the last quarter. Seven Grand Managers LLC acquired a new position in shares of Stewart Information Services in the 4th quarter valued at $1,756,000. HighTower Advisors LLC purchased a new stake in Stewart Information Services in the 4th quarter valued at $1,377,000. BlackRock Inc. purchased a new stake in Stewart Information Services in the 2nd quarter valued at $347,274,000. Finally, Peregrine Capital Management LLC acquired a new stake in Stewart Information Services during the 1st quarter worth $3,371,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Activity

In other news, insider Brian Glaze sold 1,500 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $69.16, for a total transaction of $103,740.00. Following the transaction, the insider directly owned 11,784 shares in the company, valued at $814,981.44. The trade was a 11.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STC has been the topic of several research reports. Keefe, Bruyette & Woods downgraded shares of Stewart Information Services from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $77.00 to $71.00 in a research report on Monday, July 27th. Weiss Ratings raised shares of Stewart Information Services from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 5th. Stephens reiterated an "overweight" rating and set a $88.00 target price on shares of Stewart Information Services in a research note on Monday, May 18th. Zacks Research downgraded shares of Stewart Information Services from a "hold" rating to a "strong sell" rating in a research note on Monday, July 27th. Finally, Benchmark began coverage on Stewart Information Services in a report on Tuesday, July 21st. They set a "buy" rating and a $87.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Stewart Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $81.50.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $69.85 on Friday. 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 50 day simple moving average of $68.43 and a 200-day simple moving average of $66.82. Stewart Information Services Corporation has a 12 month low of $57.10 and a 12 month high of $78.61. The stock has a market capitalization of $2.13 billion, a PE ratio of 15.32 and a beta of 0.97.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.24). The firm had revenue of $895.80 million during the quarter, compared to analysts' expectations of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. Equities analysts predict that Stewart Information Services Corporation will post 5.26 earnings per share for the current year.

Stewart Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Stewart Information Services's previous quarterly dividend of $0.53. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. Stewart Information Services's payout ratio is presently 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.

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