Fifth Third Bancorp Has $533,000 Position in Stewart Information Services Corporation $STC

Fifth Third Bancorp raised its stake in Stewart Information Services Corporation (NYSE:STC) by 9,004.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,649 shares of the insurance provider’s stock after acquiring an additional 8,554 shares during the period. Fifth Third Bancorp’s holdings in Stewart Information Services were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC increased its position in shares of Stewart Information Services by 9.6% in the first quarter. Hsbc Holdings PLC now owns 7,635 shares of the insurance provider’s stock worth $470,000 after purchasing an additional 671 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Stewart Information Services by 7.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,897 shares of the insurance provider’s stock worth $425,000 after buying an additional 500 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in Stewart Information Services during the first quarter worth about $3,371,000. Pictet Asset Management Holding SA grew its stake in Stewart Information Services by 18.9% during the first quarter. Pictet Asset Management Holding SA now owns 4,508 shares of the insurance provider’s stock worth $278,000 after buying an additional 715 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Stewart Information Services in the 1st quarter valued at about $825,000. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $63.87 per share, with a total value of $63,870.00. Following the acquisition, the director owned 25,034 shares of the company’s stock, valued at $1,598,921.58. This trade represents a 4.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.94% of the company’s stock.

Stewart Information Services Stock Performance

NYSE:STC opened at $70.19 on Thursday. The stock’s 50-day simple moving average is $67.17 and its 200 day simple moving average is $66.75. The firm has a market capitalization of $2.14 billion, a PE ratio of 15.39 and a beta of 0.99. The company has a quick ratio of 2.12, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Stewart Information Services Corporation has a twelve month low of $57.10 and a twelve month high of $78.61.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.24). The business had revenue of $895.80 million during the quarter, compared to the consensus estimate 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 revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 EPS. On average, analysts anticipate that Stewart Information Services Corporation will post 5.26 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s dividend payout ratio (DPR) is presently 46.05%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods cut 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. Zacks Research lowered shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research report on Monday. Stephens reissued an “overweight” rating and issued a $88.00 price objective on shares of Stewart Information Services in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Finally, Benchmark began coverage on Stewart Information Services in a research note on Tuesday, July 21st. They set a “buy” rating and a $87.00 target price for the company. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stewart Information Services currently has an average rating of “Moderate Buy” and an average target price 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.