Hsbc Holdings PLC Acquires New Position in Stewart Information Services Corporation $STC

Hsbc Holdings PLC purchased a new stake in Stewart Information Services Corporation (NYSE:STC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,643 shares of the insurance provider’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Stewart Information Services by 4.6% in the fourth 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 period. Seven Grand Managers LLC purchased a new stake in Stewart Information Services in the fourth quarter valued at $1,756,000. HighTower Advisors LLC acquired a new position in shares of Stewart Information Services in the 4th quarter valued at $1,377,000. Peregrine Capital Management LLC acquired a new position in shares of Stewart Information Services in the 1st quarter valued at $3,371,000. Finally, BlackRock Inc. acquired a new position in shares of Stewart Information Services in the 2nd quarter valued at $347,274,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stephens reissued an “overweight” rating and set a $88.00 price objective on shares of Stewart Information Services in a research 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 report on Friday, June 5th. Zacks Research cut shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Benchmark assumed coverage on shares of 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. 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Buying and Selling

In other Stewart Information Services news, insider Brian Glaze sold 1,500 shares of Stewart Information Services stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $69.16, for a total value 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. The trade was a 11.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.94% of the stock is owned by company insiders.

Stewart Information Services Stock Down 0.7%

Shares of NYSE STC opened at $68.14 on Thursday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 14.94 and a beta of 0.97. 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 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 $68.33 and its two-hundred day moving average is $66.82.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. Research analysts predict that Stewart Information Services Corporation will post 5.26 EPS for the current year.

Stewart Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.55 per share. 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 dividend on an annualized basis and a yield of 3.2%. Stewart Information Services’s dividend payout ratio (DPR) is 46.05%.

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.