Jump Financial LLC Makes New $581,000 Investment in Stewart Information Services Corporation $STC

Key Points

• Jump Financial LLC has invested approximately $581,000 in Stewart Information Services Corporation by acquiring 8,142 shares of its stock, marking a significant addition to their portfolio.
• Stewart Information Services reported a quarterly EPS of $1.34, surpassing analysts' expectations of $1.30, with revenue growth of 19.9% year-over-year.
• Several institutional investors, including Nuveen LLC and Wellington Management Group LLP, have significantly increased their stakes in Stewart Information Services, indicating strong institutional confidence in the company.

Jump Financial LLC bought a new stake in Stewart Information Services Corporation (NYSE:STC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,142 shares of the insurance provider's stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Wyoming raised its holdings in shares of Stewart Information Services by 84.0% during the fourth quarter. State of Wyoming now owns 1,461 shares of the insurance provider's stock valued at $99,000 after buying an additional 667 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Stewart Information Services by 7.5% during the fourth quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock valued at $201,000 after buying an additional 208 shares during the last quarter. Montchanin Asset Management LLC bought a new stake in shares of Stewart Information Services during the fourth quarter valued at approximately $206,000. First Citizens Bank & Trust Co. bought a new stake in shares of Stewart Information Services during the first quarter valued at approximately $218,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Stewart Information Services during the first quarter valued at approximately $227,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Price Performance

NYSE:STC traded up $1.45 during midday trading on Thursday, hitting $73.69. 87,523 shares of the stock were exchanged, compared to its average volume of 183,797. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.44. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 23.69 and a beta of 0.94. The business has a 50-day moving average price of $66.63 and a two-hundred day moving average price of $66.34. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The insurance provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%.The firm had revenue of $721.50 million for the quarter, compared to analysts' expectations of $671.90 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. Sell-side analysts predict that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This is a positive change from Stewart Information Services's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.8%. Stewart Information Services's dividend payout ratio is presently 64.31%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STC. Wall Street Zen raised Stewart Information Services from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Keefe, Bruyette & Woods lifted their price target on Stewart Information Services from $72.00 to $73.00 and gave the company a "market perform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.50.

Insider Activity at Stewart Information Services

In related news, insider Brad Rable sold 5,694 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $65.32, for a total transaction of $371,932.08. Following the sale, the insider owned 23,872 shares of the company's stock, valued at $1,559,319.04. The trade was a 19.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David C. Hisey sold 2,224 shares of Stewart Information Services stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $64.39, for a total transaction of $143,203.36. Following the completion of the transaction, the chief financial officer owned 58,359 shares in the company, valued at approximately $3,757,736.01. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Stewart Information Services Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.