Citizens Jmp initiated coverage on shares of Stewart Information Services (NYSE:STC – Free Report) in a research note published on Monday morning, Marketbeat.com reports. The firm issued a market outperform rating and a $80.00 target price on the insurance provider’s stock.
STC has been the topic of several other research reports. Keefe, Bruyette & Woods upgraded Stewart Information Services from a “market perform” rating to an “outperform” rating and set a $81.00 price target on the stock in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $81.00.
View Our Latest Research Report on Stewart Information Services
Stewart Information Services Price Performance
Stewart Information Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.525 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.10 annualized dividend and a yield of 3.1%. Stewart Information Services’s dividend payout ratio (DPR) is currently 58.50%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in STC. Royal Bank of Canada boosted its position in Stewart Information Services by 2.4% during the 1st quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider’s stock worth $9,158,000 after buying an additional 3,022 shares during the period. AQR Capital Management LLC increased its holdings in Stewart Information Services by 6.0% in the first quarter. AQR Capital Management LLC now owns 8,583 shares of the insurance provider’s stock valued at $612,000 after purchasing an additional 483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Stewart Information Services by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider’s stock valued at $1,149,000 after purchasing an additional 712 shares during the period. Jones Financial Companies Lllp raised its position 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Stewart Information Services by 10.2% during 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 worth $6,102,000 after buying an additional 7,923 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.
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.
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