Allspring Global Investments Holdings LLC Lowers Stock Holdings in Stewart Information Services Corporation $STC

Allspring Global Investments Holdings LLC reduced its position in Stewart Information Services Corporation (NYSE:STC) by 8.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,489,626 shares of the insurance provider’s stock after selling 136,719 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Stewart Information Services were worth $90,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STC. Royal Bank of Canada grew its stake in shares of Stewart Information Services by 2.4% in the first quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider’s stock worth $9,158,000 after acquiring an additional 3,022 shares in the last quarter. AQR Capital Management LLC grew its stake in Stewart Information Services by 6.0% during the 1st quarter. AQR Capital Management LLC now owns 8,583 shares of the insurance provider’s stock worth $612,000 after purchasing an additional 483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Stewart Information Services by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider’s stock worth $1,149,000 after purchasing an additional 712 shares during the period. Jones Financial Companies Lllp increased its holdings in Stewart Information Services by 44,842.9% during the 1st quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 3,139 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Stewart Information Services by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,522 shares of the insurance provider’s stock valued at $6,102,000 after purchasing an additional 7,923 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Trading Down 0.4%

Shares of STC stock opened at $71.91 on Friday. The company has a market capitalization of $2.19 billion, a P/E ratio of 16.05 and a beta of 0.99. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $67.00 and its two-hundred day moving average is $66.87. Stewart Information Services Corporation has a twelve month low of $57.10 and a twelve month high of $78.61.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share for the quarter, topping 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 firm had revenue of $778.40 million during the quarter, compared to the consensus estimate of $730.43 million. During the same period last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Equities analysts forecast that Stewart Information Services Corporation will post 5.8 EPS for the current year.

Stewart Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. Stewart Information Services’s dividend payout ratio is presently 46.88%.

Insider Buying and Selling at Stewart Information Services

In other news, Director C Allen Bradley, Jr. bought 1,000 shares of Stewart Information Services stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the purchase, the director owned 25,034 shares of the company’s stock, valued at approximately $1,598,921.58. The trade was a 4.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David C. Hisey sold 10,992 shares of Stewart Information Services stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $71.28, for a total transaction of $783,509.76. Following the completion of the sale, the chief financial officer directly owned 61,929 shares in the company, valued at approximately $4,414,299.12. The trade was a 15.07% decrease in their position. The SEC filing for this sale provides additional information. 2.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

STC has been the subject of a number of analyst reports. Weiss Ratings raised Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Keefe, Bruyette & Woods decreased 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 note on Thursday, June 25th. Stephens reiterated an “overweight” rating and set a $88.00 price target on shares of Stewart Information Services in a report on Monday, May 18th. Zacks Research raised shares of Stewart Information Services to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.67.

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.