DAVENPORT & Co LLC Decreases Stock Position in Stewart Information Services Corporation $STC

DAVENPORT & Co LLC lessened its holdings in Stewart Information Services Corporation (NYSE:STC) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 365,560 shares of the insurance provider’s stock after selling 41,661 shares during the quarter. DAVENPORT & Co LLC owned 1.30% of Stewart Information Services worth $25,688,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Caitlin John LLC purchased a new position in shares of Stewart Information Services in the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC boosted its stake in Stewart Information Services by 138.3% in the 3rd quarter. GAMMA Investing LLC now owns 741 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 430 shares in the last quarter. Copeland Capital Management LLC grew its position in Stewart Information Services by 96.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,119 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 550 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Stewart Information Services during the 3rd quarter valued at approximately $143,000. Finally, Tower Research Capital LLC TRC increased its stake in Stewart Information Services by 70.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,271 shares of the insurance provider’s stock valued at $148,000 after purchasing an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Stewart Information Services from $81.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Citizens Jmp started coverage on Stewart Information Services in a research report on Monday, February 2nd. They issued a “market outperform” rating and a $80.00 target price on the stock. Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday, December 29th. Finally, Stephens upgraded Stewart Information Services from an “equal weight” rating to an “overweight” rating and set a $82.00 price target on the stock in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stewart Information Services currently has a consensus rating of “Buy” and an average target price of $81.33.

Insiders Place Their Bets

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $65.34 per share, with a total value of $65,340.00. Following the transaction, the director owned 21,243 shares of the company’s stock, valued at approximately $1,388,017.62. This trade represents a 4.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Stewart Information Services Stock Performance

STC opened at $58.77 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.39. Stewart Information Services Corporation has a 12-month low of $56.39 and a 12-month high of $78.61. The firm has a 50 day moving average of $66.78 and a two-hundred day moving average of $70.27. The firm has a market capitalization of $1.79 billion, a PE ratio of 14.55 and a beta of 1.01.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $1.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $794.40 million for the quarter, compared to the consensus estimate of $774.05 million. During the same period in the prior year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, March 16th. Stewart Information Services’s dividend payout ratio is presently 51.98%.

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.