Insider Selling: Stewart Information Services (NYSE:STC) Insider Sells $103,740.00 in Stock

Stewart Information Services Corporation (NYSE:STC) insider Brian Glaze sold 1,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $69.16, for a total transaction of $103,740.00. Following the completion of the transaction, the insider directly owned 11,784 shares of the company’s stock, valued at $814,981.44. This represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Stewart Information Services Trading Up 0.9%

Shares of STC stock opened at $69.95 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a fifty day simple moving average of $68.12 and a two-hundred day simple moving average of $66.88. The firm has a market capitalization of $2.13 billion, a PE ratio of 15.34 and a beta of 0.98. Stewart Information Services Corporation has a 52-week low of $57.10 and a 52-week high of $78.61.

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

Stewart Information Services Dividend Announcement

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

Hedge Funds Weigh In On Stewart Information Services

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Stewart Information Services in the second quarter worth about $347,274,000. California State Teachers Retirement System lifted its stake in shares of Stewart Information Services by 6,334.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,407,155 shares of the insurance provider’s stock worth $158,920,000 after acquiring an additional 2,369,747 shares during the last quarter. Vanguard Group Inc. lifted 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 worth $143,665,000 after acquiring an additional 90,233 shares during the last quarter. Capital International Investors boosted its holdings in Stewart Information Services by 10.2% during the 4th quarter. Capital International Investors now owns 842,077 shares of the insurance provider’s stock valued at $59,164,000 after acquiring an additional 77,618 shares during the period. Finally, Millennium Management LLC boosted its holdings 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 valued at $49,263,000 after acquiring an additional 302,623 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stephens reissued an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Weiss Ratings raised shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Wall Street Zen cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Benchmark started coverage on shares of Stewart Information Services in a report on Tuesday, July 21st. They set a “buy” rating and a $87.00 price objective for the company. Finally, Keefe, Bruyette & Woods cut Stewart Information Services from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $77.00 to $71.00 in a report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stewart Information Services presently 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.