Allianz Asset Management GmbH Lowers Holdings in Stewart Information Services Corporation $STC

Allianz Asset Management GmbH lowered its position in shares of Stewart Information Services Corporation (NYSE:STC) by 37.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,630 shares of the insurance provider’s stock after selling 14,011 shares during the quarter. Allianz Asset Management GmbH owned 0.08% of Stewart Information Services worth $1,733,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted 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 valued at $9,158,000 after buying an additional 3,022 shares in the last quarter. AQR Capital Management LLC increased its holdings 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 valued at $612,000 after acquiring an additional 483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Stewart Information Services by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,105 shares of the insurance provider’s stock worth $1,149,000 after acquiring an additional 712 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Stewart Information Services by 44,842.9% in the first quarter. Jones Financial Companies Lllp now owns 3,146 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 3,139 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Stewart Information Services by 10.2% in the first 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. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STC. Citizens Jmp began coverage on shares of Stewart Information Services in a research note on Monday, February 2nd. They set a “market outperform” rating and a $80.00 price objective for the company. Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday, December 29th. Finally, Wall Street Zen cut Stewart Information Services from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $81.00.

Stewart Information Services Price Performance

Stewart Information Services stock opened at $69.43 on Friday. Stewart Information Services Corporation has a 1 year low of $56.39 and a 1 year high of $78.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.77 and a current ratio of 2.19. The firm has a 50 day moving average price of $69.89 and a 200 day moving average price of $71.12. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 17.19 and a beta of 1.01.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.30. Stewart Information Services had a net margin of 3.95% and a return on equity of 9.32%. The company had revenue of $794.40 million for the quarter, compared to analyst estimates of $774.05 million. During the same quarter last year, the business earned $1.12 EPS. Stewart Information Services’s revenue for the quarter was up 18.7% on a year-over-year basis. Sell-side analysts predict that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. Stewart Information Services’s payout ratio is 51.98%.

About Stewart Information Services

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.