Deutsche Bank AG Purchases New Shares in Stewart Information Services Corporation $STC

Deutsche Bank AG purchased a new position in Stewart Information Services Corporation (NYSE:STC) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 33,182 shares of the insurance provider’s stock, valued at approximately $2,191,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Stewart Information Services in the 4th quarter valued at about $43,000. Horizon Investments LLC acquired a new position in shares of Stewart Information Services during the fourth quarter valued at approximately $65,000. Kemnay Advisory Services Inc. purchased a new position in shares of Stewart Information Services in the fourth quarter valued at approximately $66,000. 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 valued at $69,000 after acquiring an additional 331 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Stewart Information Services in the second quarter worth approximately $84,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost 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 $1,598,921.58. This trade represents a 4.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Glaze sold 1,500 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $69.16, for a total transaction of $103,740.00. Following the completion of the sale, the insider directly owned 11,784 shares of the company’s stock, valued at approximately $814,981.44. This trade represents a 11.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STC. Benchmark assumed coverage on Stewart Information Services in a research report on Tuesday, July 21st. They set a “buy” rating and a $87.00 price target for the company. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods cut shares of 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 research note on Monday, July 27th. Stephens reaffirmed an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Stewart Information Services Stock Performance

Shares of Stewart Information Services stock opened at $70.05 on Friday. The business’s 50 day moving average price is $68.19 and its 200 day moving average price is $66.87. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 15.36 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.98 and a current ratio of 1.98. Stewart Information Services Corporation has a one year low of $57.10 and a one year high of $78.61.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share (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 company had revenue of $895.80 million during the quarter, compared to analysts’ expectations of $838.07 million. During the same quarter in the previous year, the company earned $1.34 earnings per share. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. On average, research analysts predict that Stewart Information Services Corporation will post 5.26 EPS for the current year.

Stewart Information Services Dividend Announcement

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

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.