SG Americas Securities LLC Decreases Holdings in Stewart Information Services Corporation $STC

SG Americas Securities LLC reduced its holdings in shares of Stewart Information Services Corporation (NYSE:STC) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,256 shares of the insurance provider’s stock after selling 8,984 shares during the quarter. SG Americas Securities LLC’s holdings in Stewart Information Services were worth $324,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital International Investors lifted its stake in Stewart Information Services by 107.7% during the third 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 during the last quarter. Zimmer Partners LP purchased a new position in Stewart Information Services in the fourth quarter valued at approximately $24,901,000. Millennium Management LLC increased its stake in Stewart Information Services by 75.9% in the fourth quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock valued at $49,263,000 after purchasing an additional 302,623 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Stewart Information Services during the fourth quarter worth approximately $21,078,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Stewart Information Services during the fourth quarter worth approximately $19,673,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Stewart Information Services Trading Up 0.8%

Shares of Stewart Information Services stock opened at $67.90 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.16 and a beta of 0.99. Stewart Information Services Corporation has a 1 year low of $56.39 and a 1 year high of $78.61. The company’s fifty day moving average is $66.95 and its two-hundred day moving average is $66.90.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.26. Stewart Information Services had a net margin of 4.19% and a return on equity of 10.07%. The business had revenue of $778.40 million during the quarter, compared to analysts’ expectations of $730.43 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 27.7% compared to the same quarter last year. Analysts forecast that Stewart Information Services Corporation will post 5.8 earnings per share for the current year.

Stewart Information Services Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Stewart Information Services

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

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.