Rockefeller Capital Management L.P. Has $14.96 Million Stock Holdings in Stewart Information Services Corporation $STC

Key Points

• Rockefeller Capital Management cut its stake in Stewart Information Services by 44.5% in the fourth quarter, leaving it with 212,946 shares valued at about $14.96 million.
• The company reported solid recent results, with Q1 earnings of $0.78 per share beating estimates and revenue of $778.4 million, up 27.7% year over year.
• Stewart also announced a quarterly dividend of $0.525 per share and has received mostly positive analyst sentiment, with a consensus rating of Moderate Buy and a $83.00 price target.

Rockefeller Capital Management L.P. trimmed its position in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,946 shares of the insurance provider's stock after selling 170,526 shares during the quarter. Rockefeller Capital Management L.P. owned 0.76% of Stewart Information Services worth $14,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitlin John LLC acquired a new stake in Stewart Information Services during the 3rd quarter worth $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Stewart Information Services in the fourth quarter valued at about $43,000. Exchange Traded Concepts LLC bought a new stake in shares of Stewart Information Services in the fourth quarter worth about $65,000. Horizon Investments LLC bought a new stake in shares of Stewart Information Services in the fourth quarter worth about $65,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Stewart Information Services during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Buying and Selling

In other news, CFO David C. Hisey sold 10,992 shares of the business's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $71.28, for a total value of $783,509.76. Following the sale, the chief financial officer owned 61,929 shares of the company's stock, valued at $4,414,299.12. The trade was a 15.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $63.87 per share, with a total value of $63,870.00. Following the acquisition, the director directly owned 25,034 shares of the company's stock, valued at $1,598,921.58. The trade was a 4.16% increase in their position. The SEC filing for this purchase provides additional information. 2.94% of the stock is owned by company insiders.

Stewart Information Services Stock Up 2.6%

STC stock opened at $67.93 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a market capitalization of $2.07 billion, a P/E ratio of 15.16 and a beta of 0.99. The business has a 50-day moving average of $67.08 and a 200-day moving average of $67.43. Stewart Information Services Corporation has a fifty-two week low of $56.39 and a fifty-two week high of $78.61.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.26. The business had revenue of $778.40 million during the quarter, compared to the consensus estimate of $730.43 million. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.Stewart Information Services's quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, sell-side analysts anticipate that Stewart Information Services Corporation will post 5.8 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.1%. Stewart Information Services's dividend payout ratio (DPR) is 46.88%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STC. Zacks Research upgraded Stewart Information Services to a "hold" rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Stewart Information Services from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods raised their target price on shares of Stewart Information Services from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $88.00 price target on shares of Stewart Information Services in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Stewart Information Services from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.00.

About Stewart Information Services

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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