Stewart Information Services Corporation $STC Stock Holdings Boosted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its position in shares of Stewart Information Services Corporation (NYSE:STC) by 115.1% in the second quarter, HoldingsChannel.com reports. The firm owned 10,828 shares of the insurance provider’s stock after buying an additional 5,795 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Stewart Information Services were worth $705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Stewart Information Services by 2,735.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 1,450 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $224,000 after purchasing an additional 3,139 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Stewart Information Services during the 1st quarter valued at $227,000. Nisa Investment Advisors LLC boosted its stake in Stewart Information Services by 13.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,533 shares of the insurance provider’s stock valued at $252,000 after purchasing an additional 418 shares in the last quarter. Finally, Pinnacle Financial Partners Inc bought a new position in Stewart Information Services during the 1st quarter valued at $283,000. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STC. Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Sunday. Keefe, Bruyette & Woods increased their price objective on Stewart Information Services from $72.00 to $73.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stewart Information Services in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Stewart Information Services has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Insiders Place Their Bets

In other news, CFO David C. Hisey sold 2,224 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $64.39, for a total value of $143,203.36. Following the completion of the sale, the chief financial officer owned 58,359 shares in the company, valued at $3,757,736.01. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brad Rable sold 5,694 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $65.32, for a total value of $371,932.08. Following the completion of the sale, the insider owned 23,872 shares of the company’s stock, valued at $1,559,319.04. The trade was a 19.26% decrease in their position. The disclosure for this sale can be found here. 2.78% of the stock is owned by corporate insiders.

Stewart Information Services Price Performance

Shares of NYSE:STC opened at $70.98 on Tuesday. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.44. The stock has a fifty day moving average of $72.12 and a 200-day moving average of $66.74. The company has a market capitalization of $1.99 billion, a PE ratio of 22.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.91 and a current ratio of 1.91.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $721.50 million during the quarter, compared to the consensus estimate of $671.90 million. Stewart Information Services had a return on equity of 7.71% and a net margin of 3.29%.The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities analysts anticipate that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.525 dividend. The ex-dividend date was Tuesday, September 16th. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. Stewart Information Services’s dividend payout ratio is currently 67.52%.

Stewart Information Services 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.