Meeder Asset Management Inc. Buys Shares of 14,357 Stewart Information Services Corporation $STC

Meeder Asset Management Inc. purchased a new position in Stewart Information Services Corporation (NYSE:STC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,357 shares of the insurance provider’s stock, valued at approximately $948,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Stewart Information Services in the 2nd quarter worth $347,274,000. Vanguard Group Inc. grew its stake in shares of Stewart Information Services by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock valued at $143,665,000 after acquiring an additional 90,233 shares during the period. Capital International Investors increased its holdings in Stewart Information Services by 10.2% in the 4th quarter. Capital International Investors now owns 842,077 shares of the insurance provider’s stock worth $59,164,000 after acquiring an additional 77,618 shares in the last quarter. Millennium Management LLC raised its stake in Stewart Information Services by 75.9% during the 4th quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock worth $49,263,000 after acquiring an additional 302,623 shares during the period. Finally, Geode Capital Management LLC raised its stake in Stewart Information Services by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 663,625 shares of the insurance provider’s stock worth $46,634,000 after acquiring an additional 2,234 shares during the period. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other Stewart Information Services news, Director C Allen Bradley, Jr. acquired 1,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $63.87 per share, with a total value of $63,870.00. Following the purchase, the director directly owned 25,034 shares of the company’s stock, valued at approximately $1,598,921.58. This represents a 4.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Stephens restated an “overweight” rating and issued a $88.00 price objective on shares of Stewart Information Services in a research report on Monday, May 18th. Benchmark assumed coverage on Stewart Information Services in a research note on Tuesday, July 21st. They issued a “buy” rating and a $87.00 price objective for the company. Finally, Wall Street Zen cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stewart Information Services currently has an average rating of “Moderate Buy” and an average target price of $81.50.

Stewart Information Services Trading Down 0.1%

Shares of STC stock opened at $68.03 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.92 and a beta of 0.98. Stewart Information Services Corporation has a 12-month low of $57.10 and a 12-month high of $78.61. The stock’s 50-day moving average price is $67.68 and its 200-day moving average price is $66.84.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.24). The firm had revenue of $895.80 million for the quarter, compared to analysts’ expectations of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. Equities research analysts predict that Stewart Information Services Corporation will post 5.26 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s payout ratio is currently 46.05%.

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.