DAVENPORT & Co LLC Trims Stake in Stewart Information Services Corporation $STC

DAVENPORT & Co LLC cut its stake in Stewart Information Services Corporation (NYSE:STC) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 365,560 shares of the insurance provider’s stock after selling 41,661 shares during the period. DAVENPORT & Co LLC’s holdings in Stewart Information Services were worth $25,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Caitlin John LLC acquired a new stake in shares of Stewart Information Services during the 3rd quarter worth approximately $31,000. GAMMA Investing LLC lifted its stake in shares of Stewart Information Services by 138.3% in the 3rd quarter. GAMMA Investing LLC now owns 741 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 430 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Stewart Information Services by 96.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,119 shares of the insurance provider’s stock valued at $82,000 after purchasing an additional 550 shares during the period. Quadrant Capital Group LLC purchased a new stake in Stewart Information Services during the third quarter worth $143,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Stewart Information Services by 70.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,271 shares of the insurance provider’s stock worth $148,000 after buying an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Stock Performance

STC opened at $58.77 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.39. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 14.55 and a beta of 1.01. Stewart Information Services Corporation has a 52-week low of $56.39 and a 52-week high of $78.61. The firm’s fifty day simple moving average is $66.78 and its two-hundred day simple moving average is $70.27.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, February 4th. The insurance provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.30. Stewart Information Services had a net margin of 3.95% and a return on equity of 9.32%. The business had revenue of $794.40 million during the quarter, compared to analysts’ expectations of $774.05 million. During the same quarter in the previous year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Equities analysts anticipate that Stewart Information Services Corporation will post 6.29 earnings per share for the current fiscal year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, March 16th. Stewart Information Services’s payout ratio is 51.98%.

Insider Buying and Selling

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $65.34 per share, with a total value of $65,340.00. Following the completion of the acquisition, the director directly owned 21,243 shares of the company’s stock, valued at $1,388,017.62. The trade was a 4.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on STC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a report on Monday, December 29th. Stephens upgraded Stewart Information Services from an “equal weight” rating to an “overweight” rating and set a $82.00 price target for the company in a research note on Friday, February 27th. Citizens Jmp began coverage on Stewart Information Services in a report on Monday, February 2nd. They issued a “market outperform” rating and a $80.00 price target for the company. Keefe, Bruyette & Woods increased their price target on Stewart Information Services from $81.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Finally, Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $81.33.

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.