Northern Trust Corp Has $23.75 Million Stock Position in Stewart Information Services Corporation $STC

Northern Trust Corp lifted its holdings in shares of Stewart Information Services Corporation (NYSE:STC) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,891 shares of the insurance provider’s stock after purchasing an additional 1,460 shares during the quarter. Northern Trust Corp owned approximately 1.20% of Stewart Information Services worth $23,752,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Stewart Information Services by 77.1% during the 1st quarter. American Century Companies Inc. now owns 33,222 shares of the insurance provider’s stock worth $2,370,000 after purchasing an additional 14,468 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Stewart Information Services by 3.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,084 shares of the insurance provider’s stock worth $3,859,000 after purchasing an additional 1,739 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Stewart Information Services by 27.4% during the 1st quarter. Public Sector Pension Investment Board now owns 88,002 shares of the insurance provider’s stock worth $6,279,000 after purchasing an additional 18,913 shares during the last quarter. Nuveen LLC acquired a new position in shares of Stewart Information Services during the 1st quarter worth $12,698,000. Finally, Natixis Advisors LLC increased its stake in shares of Stewart Information Services by 6.9% during the 1st quarter. Natixis Advisors LLC now owns 16,025 shares of the insurance provider’s stock worth $1,143,000 after purchasing an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Stewart Information Services from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Insider Buying and Selling at Stewart Information Services

In other news, insider Brad Rable sold 5,694 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $65.32, for a total transaction of $371,932.08. Following the completion of the transaction, the insider directly owned 23,872 shares of the company’s stock, valued at approximately $1,559,319.04. This trade represents a 19.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David C. Hisey sold 2,224 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $64.39, for a total transaction of $143,203.36. Following the transaction, the chief financial officer directly owned 58,359 shares of the company’s stock, valued at $3,757,736.01. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Stewart Information Services Stock Performance

NYSE STC opened at $72.93 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.45 and a beta of 0.94. The company’s fifty day moving average is $66.22 and its two-hundred day moving average is $66.24. Stewart Information Services Corporation has a 52-week low of $56.39 and a 52-week high of $78.44.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Wednesday, July 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.04. The company had revenue of $721.50 million for the quarter, compared to analyst estimates of $671.90 million. Stewart Information Services had a net margin of 3.29% and a return on equity of 7.71%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Equities research analysts forecast that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.