Wellington Management Group LLP Trims Stock Position in Stewart Information Services Corporation $STC

Wellington Management Group LLP trimmed its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 12.0% in the second quarter, Holdings Channel reports. The fund owned 191,396 shares of the insurance provider’s stock after selling 26,092 shares during the period. Wellington Management Group LLP’s holdings in Stewart Information Services were worth $12,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of STC. BlackRock Inc. acquired a new position in shares of Stewart Information Services in the second quarter valued at approximately $347,274,000. Zimmer Partners LP acquired a new stake in shares of Stewart Information Services during the fourth quarter worth $24,901,000. Millennium Management LLC lifted its holdings in shares of Stewart Information Services by 75.9% during the fourth quarter. Millennium Management LLC now owns 701,148 shares of the insurance provider’s stock worth $49,263,000 after purchasing an additional 302,623 shares during the period. Alyeska Investment Group L.P. purchased a new position in Stewart Information Services in the 4th quarter valued at $21,078,000. Finally, Ghisallo Capital Management LLC purchased a new position in Stewart Information Services in the 4th quarter valued at $19,673,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Stewart Information Services

In related news, insider Brian Glaze sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $69.16, for a total value 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 trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.94% of the stock is owned by company insiders.

Stewart Information Services Trading Down 0.2%

Shares of STC stock opened at $67.41 on Tuesday. The business’s fifty day moving average price is $68.44 and its 200 day moving average price is $66.80. The firm has a market capitalization of $2.06 billion, a PE ratio of 14.78 and a beta of 0.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.98. Stewart Information Services Corporation has a 1-year low of $57.10 and a 1-year high of $78.61.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, July 22nd. The insurance provider reported $1.39 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 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 last year, the business posted $1.34 EPS. As a group, sell-side analysts forecast that Stewart Information Services Corporation will post 5.26 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Stewart Information Services’s previous quarterly dividend of $0.53. Stewart Information Services’s payout ratio is 46.05%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Benchmark began coverage on shares of Stewart Information Services in a research report on Tuesday, July 21st. They set a “buy” rating and a $87.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a report on Wednesday, September 2nd. Zacks Research lowered shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Stephens reissued an “overweight” rating and set a $88.00 price target on shares of Stewart Information Services in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods downgraded shares of Stewart Information Services from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $77.00 to $71.00 in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.50.

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.