Penn Capital Management Company LLC Sells 21,853 Shares of Stewart Information Services Corporation $STC

Key Points

• Penn Capital Management cut its Stewart Information Services stake by 52.5%, selling 21,853 shares and retaining 19,780 shares valued at approximately $1.31 million. Institutional investors collectively own 96.9% of the company.
• Stewart reported quarterly revenue of $895.8 million, up 24.5% year over year and above estimates, but earnings per share of $1.39 missed consensus by $0.24. The company maintains a $0.525 quarterly dividend, equivalent to a 3.0% yield.
• Analyst sentiment is mixed: the stock has a “Moderate Buy” consensus rating and an $81.50 average price target, while recent firms have issued downgrades and lowered targets. STC recently traded near $69.99.

Penn Capital Management Company LLC lessened its holdings in Stewart Information Services Corporation (NYSE:STC - Free Report) by 52.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,780 shares of the insurance provider's stock after selling 21,853 shares during the period. Penn Capital Management Company LLC owned about 0.06% of Stewart Information Services worth $1,306,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of STC. BlackRock Inc. purchased a new position in shares of Stewart Information Services in the 2nd quarter worth approximately $347,274,000. Zimmer Partners LP purchased a new stake in Stewart Information Services during the fourth quarter valued at approximately $24,901,000. Millennium Management LLC boosted its stake in Stewart Information Services by 75.9% in the fourth quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider's stock valued at $49,263,000 after acquiring an additional 302,623 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Stewart Information Services in the fourth quarter valued at approximately $21,078,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Stewart Information Services in the fourth quarter valued at approximately $19,673,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Trading Up 0.1%

Shares of NYSE:STC opened at $69.99 on Friday. Stewart Information Services Corporation has a 52-week low of $57.10 and a 52-week high of $78.61. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 15.35 and a beta of 0.98. 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 business has a 50-day moving average price of $68.26 and a 200-day moving average price of $66.89.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.24). Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The firm 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 company earned $1.34 EPS. Stewart Information Services's quarterly revenue was up 24.5% on a year-over-year basis. Equities analysts predict that Stewart Information Services Corporation will post 5.26 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. Stewart Information Services's dividend payout ratio is 46.05%.

Insider Buying and Selling at Stewart Information Services

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $63.87 per share, with a total value of $63,870.00. Following the purchase, the director directly owned 25,034 shares in the company, valued at $1,598,921.58. The trade was a 4.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Glaze sold 1,500 shares of Stewart Information Services stock in a transaction dated Friday, August 21st. The shares were 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 disclosure for this sale is available in the SEC filing. 2.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on STC shares. Keefe, Bruyette & Woods downgraded Stewart Information Services from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $77.00 to $71.00 in a research report on Monday, July 27th. Wall Street Zen cut Stewart Information Services from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Stephens restated 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 lowered Stewart Information Services from a "hold" rating to a "strong sell" rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded Stewart Information Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stewart Information Services currently has an average rating of "Moderate Buy" and a consensus price target of $81.50.

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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