Allspring Global Investments Holdings LLC Sells 27,111 Shares of Stewart Information Services Corporation $STC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Stewart Information Services Corporation (NYSE:STC) by 1.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,688,311 shares of the insurance provider’s stock after selling 27,111 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Stewart Information Services worth $122,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC increased its position in Stewart Information Services by 5.0% during the 1st quarter. Millennium Management LLC now owns 996,558 shares of the insurance provider’s stock valued at $71,104,000 after buying an additional 47,384 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Stewart Information Services by 1.6% in the second quarter. Geode Capital Management LLC now owns 657,573 shares of the insurance provider’s stock worth $42,813,000 after acquiring an additional 10,236 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Stewart Information Services by 1.2% in the second quarter. DAVENPORT & Co LLC now owns 517,454 shares of the insurance provider’s stock worth $33,764,000 after acquiring an additional 5,921 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Stewart Information Services by 4.6% during the second quarter. Bank of America Corp DE now owns 245,982 shares of the insurance provider’s stock valued at $16,013,000 after acquiring an additional 10,835 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Stewart Information Services by 2.4% in the 1st quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider’s stock worth $9,158,000 after purchasing an additional 3,022 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Price Performance

NYSE STC opened at $70.22 on Wednesday. The business’s fifty day moving average is $72.81 and its 200 day moving average is $69.95. The company has a market capitalization of $1.97 billion, a PE ratio of 19.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.77 and a current ratio of 1.77. Stewart Information Services Corporation has a fifty-two week low of $56.39 and a fifty-two week high of $78.61.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, October 22nd. The insurance provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.42 by $0.22. The firm had revenue of $791.30 million for the quarter, compared to the consensus estimate of $737.30 million. Stewart Information Services had a net margin of 3.65% and a return on equity of 8.57%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. Sell-side analysts predict that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a dividend of $0.525 per share. The ex-dividend date was Monday, December 15th. This represents a $2.10 annualized dividend and a dividend yield of 3.0%. Stewart Information Services’s dividend payout ratio (DPR) is presently 58.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STC shares. Keefe, Bruyette & Woods increased their price objective on shares of Stewart Information Services from $78.00 to $81.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Wall Street Zen upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Stewart Information Services has a consensus rating of “Moderate Buy” and an average price target of $81.50.

About Stewart Information Services

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.