Seven Grand Managers LLC Acquires New Holdings in Stewart Information Services Corporation $STC

Key Points

• Seven Grand Managers LLC disclosed a new stake in Stewart Information Services, buying 25,000 shares worth about $1.76 million in the fourth quarter.
• Stewart Information Services posted strong quarterly results, with EPS of $0.78 beating estimates of $0.52 and revenue of $778.4 million topping expectations, while revenue rose 27.7% year over year.
• Analyst sentiment is generally positive: the stock has a consensus Buy rating and an average price target of $83, above its recent trading level around $68.25.

Seven Grand Managers LLC acquired a new stake in shares of Stewart Information Services Corporation (NYSE:STC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,000 shares of the insurance provider's stock, valued at approximately $1,756,000. Seven Grand Managers LLC owned approximately 0.09% of Stewart Information Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STC. Royal Bank of Canada raised its position in Stewart Information Services by 2.4% during the first quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider's stock valued at $9,158,000 after acquiring an additional 3,022 shares in the last quarter. AQR Capital Management LLC raised its position in Stewart Information Services by 6.0% during the first quarter. AQR Capital Management LLC now owns 8,583 shares of the insurance provider's stock valued at $612,000 after acquiring an additional 483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Stewart Information Services by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider's stock valued at $1,149,000 after purchasing an additional 712 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Stewart Information Services by 44,842.9% during the first quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider's stock valued at $224,000 after purchasing an additional 3,139 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Stewart Information Services by 10.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,522 shares of the insurance provider's stock valued at $6,102,000 after purchasing an additional 7,923 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

STC has been the topic of several analyst reports. Citizens Jmp initiated coverage on Stewart Information Services in a report on Monday, February 2nd. They set a "market outperform" rating and a $80.00 price target on the stock. Wall Street Zen upgraded Stewart Information Services from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Stewart Information Services in a report on Friday, March 27th. Stephens reiterated an "overweight" rating and set a $88.00 price target on shares of Stewart Information Services in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $83.00.

Stewart Information Services Trading Up 0.3%

Shares of Stewart Information Services stock opened at $68.25 on Thursday. The company's fifty day simple moving average is $65.49 and its 200-day simple moving average is $68.59. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 15.23 and a beta of 1.02. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.39. Stewart Information Services Corporation has a 1 year low of $56.39 and a 1 year high of $78.61.

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

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. Stewart Information Services's dividend payout ratio (DPR) is presently 46.88%.

Insider Buying and Selling at Stewart Information Services

In related news, Director C Allen Bradley, Jr. acquired 1,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $65.34 per share, for a total transaction of $65,340.00. Following the completion of the purchase, the director owned 21,243 shares in the company, valued at approximately $1,388,017.62. The trade was a 4.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David C. Hisey sold 10,992 shares of the firm's stock in a transaction on 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 owned 61,929 shares in the company, valued at approximately $4,414,299.12. The trade was a 15.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.94% of the company's stock.

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.

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