Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Stewart Information Services Corporation (NYSE:STC – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,948 shares of the insurance provider’s stock, valued at approximately $1,389,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Stewart Information Services at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in Stewart Information Services by 2.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,715,422 shares of the insurance provider’s stock valued at $113,286,000 after purchasing an additional 33,413 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Stewart Information Services by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 657,573 shares of the insurance provider’s stock valued at $42,813,000 after buying an additional 10,236 shares during the last quarter. Tributary Capital Management LLC grew its position in shares of Stewart Information Services by 92.5% during the third quarter. Tributary Capital Management LLC now owns 568,864 shares of the insurance provider’s stock worth $41,709,000 after buying an additional 273,424 shares in the last quarter. DAVENPORT & Co LLC increased 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 buying an additional 5,921 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Stewart Information Services by 4.6% in 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. Institutional investors and hedge funds own 96.90% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on STC. Wall Street Zen raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Stewart Information Services in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised Stewart Information Services from a “market perform” rating to an “outperform” rating and set a $81.00 price objective for the company in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Stewart Information Services has a consensus rating of “Buy” and a consensus price target of $81.50.
Stewart Information Services Price Performance
STC opened at $67.43 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $71.08 and its 200 day moving average price is $70.59. Stewart Information Services Corporation has a fifty-two week low of $56.39 and a fifty-two week high of $78.61. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 18.78 and a beta of 1.02.
Stewart Information Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, December 15th. Stewart Information Services’s dividend payout ratio is presently 58.50%.
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.
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