Stewart Information Services (NYSE:STC) Announces Quarterly Earnings Results

Stewart Information Services (NYSE:STC) released its quarterly earnings data on Wednesday. The insurance provider reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.24), FiscalAI reports. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.14%. The company had revenue of $895.80 million for the quarter, compared to analysts’ expectations of $838.07 million. During the same period last year, the company posted $1.34 EPS. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year.

Stewart Information Services Price Performance

Shares of STC opened at $66.58 on Friday. Stewart Information Services has a fifty-two week low of $57.10 and a fifty-two week high of $78.61. The firm’s 50-day simple moving average is $67.10 and its two-hundred day simple moving average is $66.80. The stock has a market cap of $2.03 billion, a PE ratio of 14.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 2.12.

Stewart Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, June 15th. Stewart Information Services’s dividend payout ratio is 46.88%.

Insider Activity at Stewart Information Services

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $63.87 per share, with a total value of $63,870.00. Following the transaction, the director directly owned 25,034 shares in the company, valued at $1,598,921.58. This trade represents a 4.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stewart Information Services

Several large investors have recently modified their holdings of STC. Millennium Management LLC increased its stake 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 purchasing an additional 302,623 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Stewart Information Services by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 663,625 shares of the insurance provider’s stock worth $46,634,000 after purchasing an additional 2,234 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of Stewart Information Services during the fourth quarter valued at $24,901,000. Alyeska Investment Group L.P. bought a new stake in Stewart Information Services in the 4th quarter worth about $21,078,000. Finally, Ghisallo Capital Management LLC purchased a new position in Stewart Information Services in the 4th quarter worth about $19,673,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Stewart Information Services from $81.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Benchmark started coverage on shares of Stewart Information Services in a research note on Tuesday. They set a “buy” rating and a $87.00 price objective for the company. Weiss Ratings upgraded shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Zacks Research raised Stewart Information Services to a “hold” rating in a research report on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

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.