Louisiana State Employees Retirement System Buys Shares of 13,400 Stewart Information Services Corporation $STC

Louisiana State Employees Retirement System bought a new position in shares of Stewart Information Services Corporation (NYSE:STC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,400 shares of the insurance provider’s stock, valued at approximately $825,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Stewart Information Services by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock valued at $143,665,000 after purchasing an additional 90,233 shares in the last quarter. Capital International Investors boosted its stake in Stewart Information Services by 10.2% in the 4th quarter. Capital International Investors now owns 842,077 shares of the insurance provider’s stock worth $59,164,000 after purchasing an additional 77,618 shares during the period. Millennium Management LLC boosted its stake in Stewart Information Services by 75.9% in the 4th quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock worth $49,263,000 after purchasing an additional 302,623 shares during the period. Geode Capital Management LLC grew its holdings in Stewart Information Services by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 663,625 shares of the insurance provider’s stock valued at $46,634,000 after buying an additional 2,234 shares in the last quarter. Finally, Cooke & Bieler LP grew its holdings in Stewart Information Services by 2.1% during the 4th quarter. Cooke & Bieler LP now owns 563,003 shares of the insurance provider’s stock valued at $39,557,000 after buying an additional 11,484 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was acquired at an average price 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 approximately $1,598,921.58. This represents a 4.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David C. Hisey sold 10,992 shares of the 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 transaction, the chief financial officer directly owned 61,929 shares in the company, valued at $4,414,299.12. The trade was a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Zacks Research raised shares of Stewart Information Services to a “hold” rating in a research note on Wednesday, May 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 issued a $88.00 target price on shares of Stewart Information Services in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Stewart Information Services Price Performance

Shares of NYSE STC opened at $67.92 on Monday. The firm has a market capitalization of $2.07 billion, a P/E ratio of 15.16 and a beta of 0.99. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $67.22 and its two-hundred day simple moving average is $67.03. Stewart Information Services Corporation has a twelve month low of $56.39 and a twelve month high of $78.61.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.26. The firm had revenue of $778.40 million for the quarter, compared to analysts’ expectations of $730.43 million. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The company’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. As a group, equities analysts anticipate that Stewart Information Services Corporation will post 5.8 EPS for the current fiscal year.

Stewart Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. Stewart Information Services’s dividend payout ratio (DPR) is currently 46.88%.

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.