Public Sector Pension Investment Board Grows Stock Position in Stewart Information Services Corporation $STC

Public Sector Pension Investment Board lifted its position in Stewart Information Services Corporation (NYSE:STC) by 14.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,199 shares of the insurance provider’s stock after acquiring an additional 13,998 shares during the period. Public Sector Pension Investment Board’s holdings in Stewart Information Services were worth $8,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Stewart Information Services by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 657,573 shares of the insurance provider’s stock valued at $42,813,000 after purchasing an additional 10,236 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Stewart Information Services by 92.5% in the third quarter. Tributary Capital Management LLC now owns 568,864 shares of the insurance provider’s stock valued at $41,709,000 after buying an additional 273,424 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Stewart Information Services by 23.2% in the third quarter. Cooke & Bieler LP now owns 551,519 shares of the insurance provider’s stock valued at $40,437,000 after buying an additional 103,777 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Stewart Information Services by 4.6% in the second quarter. Bank of America Corp DE now owns 245,982 shares of the insurance provider’s stock worth $16,013,000 after buying an additional 10,835 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Stewart Information Services by 2.4% during the first quarter. Royal Bank of Canada now owns 128,363 shares of the insurance provider’s stock worth $9,158,000 after acquiring an additional 3,022 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Stock Performance

Shares of Stewart Information Services stock opened at $69.18 on Wednesday. The firm has a market cap of $1.94 billion, a PE ratio of 17.12 and a beta of 1.01. The company has a quick ratio of 1.77, a current ratio of 2.19 and a debt-to-equity ratio of 0.39. Stewart Information Services Corporation has a 52 week low of $56.39 and a 52 week high of $78.61. The business’s fifty day simple moving average is $69.61 and its 200-day simple moving average is $71.29.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.30. The firm had revenue of $794.40 million for the quarter, compared to analyst estimates of $774.05 million. Stewart Information Services had a net margin of 3.95% and a return on equity of 9.32%. Stewart Information Services’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. Equities analysts forecast that Stewart Information Services Corporation will post 6.29 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. Stewart Information Services’s dividend payout ratio (DPR) is presently 51.98%.

Analysts Set New Price Targets

Several brokerages recently issued reports on STC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research note on Monday, December 29th. Citizens Jmp initiated coverage on Stewart Information Services in a research report on Monday, February 2nd. They issued a “market outperform” rating and a $80.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Stewart Information Services from $81.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Finally, Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $81.00.

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.