Stewart Information Services Corporation $STC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in Stewart Information Services Corporation (NYSE:STC) by 12.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,396 shares of the insurance provider’s stock after selling 26,092 shares during the quarter. Wellington Management Group LLP owned approximately 0.63% of Stewart Information Services worth $12,636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STC. Vanguard Group Inc. increased its holdings in shares of Stewart Information Services by 4.6% in 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 last quarter. Seven Grand Managers LLC acquired a new stake in shares of Stewart Information Services during the 4th quarter worth about $1,756,000. The Manufacturers Life Insurance Company purchased a new stake in Stewart Information Services during the second quarter worth approximately $987,000. HighTower Advisors LLC purchased a new stake in Stewart Information Services during the fourth quarter worth approximately $1,377,000. Finally, Peregrine Capital Management LLC acquired a new position in Stewart Information Services in the first quarter valued at approximately $3,371,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Brian Glaze sold 1,500 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $69.16, for a total transaction of $103,740.00. Following the completion of the sale, the insider owned 11,784 shares in the company, valued at $814,981.44. This represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is currently owned by corporate insiders.

Stewart Information Services Trading Down 0.2%

STC opened at $67.41 on Tuesday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 14.78 and a beta of 0.97. Stewart Information Services Corporation has a 52 week low of $57.10 and a 52 week high of $78.61. The business’s 50 day moving average is $68.44 and its two-hundred day moving average is $66.80. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. Stewart Information Services’s revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. On average, research analysts predict that Stewart Information Services Corporation will post 5.26 EPS for the current year.

Stewart Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.55 dividend. This is a positive change from Stewart Information Services’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 3.3%. Stewart Information Services’s payout ratio is currently 46.05%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STC. Stephens reiterated an “overweight” rating and issued a $88.00 price target on shares of Stewart Information Services in a research note on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Stewart Information Services in a research report on Wednesday, September 2nd. Benchmark assumed coverage on shares of Stewart Information Services in a report on Tuesday, July 21st. They issued a “buy” rating and a $87.00 target price for the company. Keefe, Bruyette & Woods downgraded shares of Stewart Information Services from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $77.00 to $71.00 in a research report on Monday, July 27th. Finally, Wall Street Zen lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

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.