Louisiana State Employees Retirement System Invests $825,000 in Stewart Information Services Corporation $STC

Louisiana State Employees Retirement System bought a new stake in Stewart Information Services Corporation (NYSE:STC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,400 shares of the insurance provider’s stock, valued at approximately $825,000.

Other large investors also recently made changes to their positions in the company. Capital International Investors grew its position in Stewart Information Services by 107.7% in the 3rd quarter. Capital International Investors now owns 764,459 shares of the insurance provider’s stock worth $56,050,000 after purchasing an additional 396,390 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Stewart Information Services during the 4th quarter worth approximately $24,901,000. Millennium Management LLC boosted its stake in shares of Stewart Information Services by 75.9% in 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 during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Stewart Information Services in the 4th quarter worth approximately $21,078,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Stewart Information Services in the fourth quarter valued at approximately $19,673,000. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on STC shares. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Stephens reaffirmed an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a research report on Monday, May 18th. Keefe, Bruyette & Woods lowered their target price on Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Finally, Zacks Research raised shares of Stewart Information Services to a “hold” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Stewart Information Services Trading Down 0.1%

Shares of STC stock opened at $67.92 on Monday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.07 billion, a P/E ratio of 15.16 and a beta of 0.99. The company has a 50 day moving average of $67.22 and a 200-day moving average of $67.03. Stewart Information Services Corporation has a 12-month low of $56.39 and a 12-month high of $78.61.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.52 by $0.26. Stewart Information Services had a return on equity of 10.07% and a net margin of 4.19%.The business had revenue of $778.40 million for the quarter, compared to the consensus estimate of $730.43 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Stewart Information Services’s revenue for the quarter was up 27.7% on a year-over-year basis. Sell-side analysts anticipate that Stewart Information Services Corporation will post 5.8 earnings per share for the current year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. Stewart Information Services’s payout ratio is presently 46.88%.

Insiders Place Their Bets

In other news, CFO David C. Hisey sold 10,992 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $71.28, for a total transaction of $783,509.76. Following the completion of the transaction, the chief financial officer owned 61,929 shares in the company, valued at approximately $4,414,299.12. This represents a 15.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Allen Bradley, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $63.87 per share, with a total value of $63,870.00. Following the acquisition, the director owned 25,034 shares in the company, valued at $1,598,921.58. The trade was a 4.16% increase in their position. The SEC filing for this purchase provides additional information. 2.94% of the stock is owned by corporate insiders.

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.