GSA Capital Partners LLP Purchases New Shares in Stewart Information Services Corporation $STC

GSA Capital Partners LLP acquired a new stake in shares of Stewart Information Services Corporation (NYSE:STC) during the 2nd quarter, HoldingsChannel reports. The fund acquired 10,146 shares of the insurance provider’s stock, valued at approximately $670,000.

Several other institutional investors have also modified their holdings of STC. Zimmer Partners LP acquired a new position in shares of Stewart Information Services during the 4th quarter worth about $24,901,000. Millennium Management LLC increased its stake in Stewart Information Services by 75.9% during the 4th quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock worth $49,263,000 after buying an additional 302,623 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Stewart Information Services during the fourth quarter valued at approximately $21,078,000. Ghisallo Capital Management LLC purchased a new position in shares of Stewart Information Services in the fourth quarter valued at approximately $19,673,000. Finally, Vanguard Group Inc. lifted 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 acquiring an additional 90,233 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Stephens reaffirmed an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a research note on Monday, May 18th. Zacks Research lowered shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Finally, Keefe, Bruyette & Woods cut Stewart Information Services from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $77.00 to $71.00 in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Activity

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the acquisition, the director directly owned 25,034 shares of the company’s stock, valued at approximately $1,598,921.58. This represents a 4.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.94% of the stock is owned by corporate insiders.

Stewart Information Services Trading Up 1.3%

Shares of STC stock opened at $68.89 on Thursday. The company’s 50-day moving average price is $67.72 and its 200-day moving average price is $66.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 15.11 and a beta of 0.98. Stewart Information Services Corporation has a twelve month low of $57.10 and a twelve month high of $78.61.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $895.80 million during the quarter, compared to analysts’ expectations of $838.07 million. During the same period in the prior year, the company posted $1.34 EPS. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. As a group, equities analysts predict that Stewart Information Services Corporation will post 5.26 earnings per share for the current year.

Stewart Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 3.0%. Stewart Information Services’s dividend payout ratio is 46.05%.

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.