Sei Investments Co. Purchases 33,136 Shares of Stewart Information Services Corporation $STC

Sei Investments Co. boosted its holdings in Stewart Information Services Corporation (NYSE:STC) by 36.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 123,211 shares of the insurance provider’s stock after purchasing an additional 33,136 shares during the quarter. Sei Investments Co.’s holdings in Stewart Information Services were worth $7,587,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Stewart Information Services by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock valued at $143,665,000 after acquiring an additional 90,233 shares during the period. Capital International Investors boosted its stake in shares of Stewart Information Services by 10.2% in the fourth quarter. Capital International Investors now owns 842,077 shares of the insurance provider’s stock worth $59,164,000 after acquiring an additional 77,618 shares during the period. Millennium Management LLC grew its position in shares of Stewart Information Services by 75.9% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Stewart Information Services by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 663,625 shares of the insurance provider’s stock worth $46,634,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Cooke & Bieler LP raised its stake 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 purchasing an additional 11,484 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Activity

In other Stewart Information Services news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $63.87 per share, with a total value of $63,870.00. Following the acquisition, the director owned 25,034 shares in the company, valued at approximately $1,598,921.58. The trade was a 4.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.94% of the company’s stock.

Stewart Information Services Trading Up 0.2%

Shares of STC opened at $67.72 on Monday. The stock has a market capitalization of $2.06 billion, a PE ratio of 14.85 and a beta of 0.99. The company’s fifty day moving average is $67.17 and its 200 day moving average is $66.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 1.98. Stewart Information Services Corporation has a fifty-two week low of $57.10 and a fifty-two week high of $78.61.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 EPS for the quarter, missing the consensus estimate 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 business had revenue of $895.80 million for the quarter, compared to the consensus estimate of $838.07 million. During the same quarter last year, the business earned $1.34 EPS. Stewart Information Services’s revenue for the quarter was up 24.5% compared to the same quarter last year. Sell-side analysts expect that Stewart Information Services Corporation will post 5.26 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s dividend payout ratio is currently 46.05%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research cut Stewart Information Services from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Benchmark started coverage on shares of Stewart Information Services in a report on Tuesday, July 21st. They set a “buy” rating and a $87.00 price objective for the company. Weiss Ratings upgraded shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Wall Street Zen downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Stephens restated an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Stewart Information Services currently has an average rating of “Moderate Buy” and a consensus target price 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.