Renaissance Technologies LLC Sells 12,900 Shares of Stewart Information Services Corporation $STC

Renaissance Technologies LLC lessened its holdings in Stewart Information Services Corporation (NYSE:STC) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,187 shares of the insurance provider’s stock after selling 12,900 shares during the period. Renaissance Technologies LLC’s holdings in Stewart Information Services were worth $4,938,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Stewart Information Services by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 2,044,758 shares of the insurance provider’s stock valued at $143,665,000 after purchasing an additional 90,233 shares during the last quarter. Capital International Investors lifted its stake in shares of Stewart Information Services by 10.2% during the 4th quarter. Capital International Investors now owns 842,077 shares of the insurance provider’s stock valued at $59,164,000 after buying an additional 77,618 shares in the last quarter. Millennium Management LLC lifted its stake in shares of 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 buying an additional 302,623 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Stewart Information Services by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 663,625 shares of the insurance provider’s stock worth $46,634,000 after buying an additional 2,234 shares during the period. Finally, Cooke & Bieler LP grew its stake in Stewart Information Services by 2.1% in the 4th quarter. Cooke & Bieler LP now owns 563,003 shares of the insurance provider’s stock valued at $39,557,000 after buying an additional 11,484 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research downgraded Stewart Information Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Benchmark initiated coverage on shares of Stewart Information Services in a research report on Tuesday, July 21st. They issued a “buy” rating and a $87.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

Stewart Information Services Stock Performance

Stewart Information Services stock opened at $68.58 on Friday. Stewart Information Services Corporation has a fifty-two week low of $57.10 and a fifty-two week high of $78.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.12 and a current ratio of 1.98. The stock has a market cap of $2.09 billion, a P/E ratio of 15.04 and a beta of 0.98. The firm’s fifty day moving average price is $67.26 and its 200-day moving average price is $66.81.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results 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). Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The firm had revenue of $895.80 million for the quarter, compared to analysts’ expectations of $838.07 million. During the same quarter in the previous year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, equities research analysts expect that Stewart Information Services Corporation will post 5.26 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. Stewart Information Services’s payout ratio is presently 46.05%.

Insider Transactions at Stewart Information Services

In related news, Director C Allen Bradley, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $63.87 per share, for a total transaction of $63,870.00. Following the acquisition, the director directly owned 25,034 shares of the company’s stock, valued at $1,598,921.58. The trade was a 4.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is currently owned by corporate insiders.

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.