Jupiter Topco LLC Takes Position in Stewart Information Services Corporation $STC

Jupiter Topco LLC acquired a new stake in Stewart Information Services Corporation (NYSE:STC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 11,765 shares of the insurance provider’s stock, valued at approximately $777,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STC. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stewart Information Services in the 4th quarter valued at approximately $43,000. Horizon Investments LLC acquired a new stake in Stewart Information Services during the 4th quarter worth approximately $65,000. Kemnay Advisory Services Inc. bought a new position in Stewart Information Services in the fourth quarter valued at approximately $66,000. Clearstead Advisors LLC lifted its stake in Stewart Information Services by 50.9% in the fourth quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider’s stock valued at $69,000 after buying an additional 331 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Stewart Information Services in the second quarter valued at approximately $84,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Trading Down 0.2%

STC opened at $67.41 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.78 and a beta of 0.97. The company has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $66.81. 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 for the quarter, missing the consensus estimate of $1.63 by ($0.24). The business had revenue of $895.80 million for the quarter, compared to the consensus estimate of $838.07 million. Stewart Information Services had a return on equity of 10.02% and a net margin of 4.12%.The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 earnings per share. Analysts predict that Stewart Information Services Corporation will post 5.26 EPS for the current fiscal year.

Stewart Information Services Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STC. Zacks Research lowered Stewart Information Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Stephens reaffirmed an “overweight” rating and set a $88.00 price target on shares of Stewart Information Services in a research note on Monday, May 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Stewart Information Services in a research report on Wednesday. Wall Street Zen downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Keefe, Bruyette & Woods cut shares of Stewart Information Services from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $77.00 to $71.00 in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insider Activity at Stewart Information Services

In other news, insider Brian Glaze sold 1,500 shares of the firm’s stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.94% of the company’s stock.

Stewart Information Services Company 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.