Portolan Capital Management LLC Invests $7.46 Million in Stewart Information Services Corporation $STC

Portolan Capital Management LLC purchased a new stake in Stewart Information Services Corporation (NYSE:STC) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 101,782 shares of the insurance provider’s stock, valued at approximately $7,463,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Heritage Family Offices LLP boosted its stake in Stewart Information Services by 4.5% in the 3rd quarter. Heritage Family Offices LLP now owns 4,012 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 173 shares during the period. PNC Financial Services Group Inc. grew its holdings in Stewart Information Services by 8.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the insurance provider’s stock valued at $196,000 after buying an additional 209 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Stewart Information Services by 1.5% during the third quarter. Illinois Municipal Retirement Fund now owns 14,647 shares of the insurance provider’s stock valued at $1,074,000 after buying an additional 216 shares during the period. Amalgamated Bank increased its position in shares of Stewart Information Services by 3.7% during the third quarter. Amalgamated Bank now owns 8,184 shares of the insurance provider’s stock valued at $600,000 after buying an additional 293 shares during the period. Finally, Keybank National Association OH lifted its holdings in shares of Stewart Information Services by 10.3% in the third quarter. Keybank National Association OH now owns 3,805 shares of the insurance provider’s stock worth $279,000 after buying an additional 356 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $65.34 per share, for a total transaction of $65,340.00. Following the completion of the transaction, the director directly 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Stewart Information Services Trading Up 2.2%

Shares of Stewart Information Services stock opened at $64.66 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.21 and a quick ratio of 2.21. Stewart Information Services Corporation has a 1 year low of $56.39 and a 1 year high of $78.61. The firm has a market cap of $1.81 billion, a PE ratio of 16.00 and a beta of 1.01. The company has a 50 day simple moving average of $68.03 and a two-hundred day simple moving average of $70.95.

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

Stewart Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. Stewart Information Services’s dividend payout ratio is currently 51.98%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STC shares. Weiss Ratings restated a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday, December 29th. Wall Street Zen lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Stephens upgraded shares of Stewart Information Services from an “equal weight” rating to an “overweight” rating and set a $82.00 target price on the stock in a research note on Friday, February 27th. Keefe, Bruyette & Woods raised their price target on shares of Stewart Information Services from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Citizens Jmp began coverage on shares of Stewart Information Services in a research report on Monday, February 2nd. They set a “market outperform” rating and a $80.00 price target for the company. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stewart Information Services has an average rating of “Buy” and an average target price of $81.33.

Stewart Information Services 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.