Peregrine Capital Management LLC Buys Shares of 54,742 Stewart Information Services Corporation $STC

Peregrine Capital Management LLC bought a new position in Stewart Information Services Corporation (NYSE:STC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,742 shares of the insurance provider’s stock, valued at approximately $3,371,000.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Stewart Information Services during the 4th quarter valued at $43,000. Exchange Traded Concepts LLC acquired a new position in Stewart Information Services during the fourth quarter worth $65,000. Horizon Investments LLC bought a new position in Stewart Information Services during the fourth quarter valued at about $65,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Stewart Information Services in the fourth quarter worth about $66,000. Finally, Clearstead Advisors LLC lifted its position in shares of Stewart Information Services by 50.9% in the fourth quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider’s stock worth $69,000 after buying an additional 331 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Stock Up 0.5%

STC stock opened at $67.92 on Friday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.16 and a beta of 0.99. The company has a 50-day moving average of $67.23 and a two-hundred day moving average of $67.08. Stewart Information Services Corporation has a 52-week low of $56.39 and a 52-week high of $78.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.12 and a quick ratio of 2.12.

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

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. Stewart Information Services’s payout ratio is currently 46.87%.

Analysts Set New Price Targets

A number of research analysts have recently commented on STC shares. Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Stephens restated an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Weiss Ratings raised Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Keefe, Bruyette & Woods lowered their price target on Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Finally, Zacks Research raised shares of Stewart Information Services to a “hold” rating in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.67.

Insider Buying and Selling

In related news, Director C Allen Bradley, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the completion of the purchase, 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 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 business’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 transaction, the chief financial officer directly owned 61,929 shares in the company, valued at $4,414,299.12. This trade represents a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.94% of the stock is owned by insiders.

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.