GSA Capital Partners LLP Takes $670,000 Position in Stewart Information Services Corporation $STC

GSA Capital Partners LLP bought a new position in Stewart Information Services Corporation (NYSE:STC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,146 shares of the insurance provider’s stock, valued at approximately $670,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STC. ProShare Advisors LLC grew its stake in shares of Stewart Information Services by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 5,407 shares of the insurance provider’s stock worth $380,000 after acquiring an additional 164 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Stewart Information Services by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 15,479 shares of the insurance provider’s stock worth $1,087,000 after buying an additional 234 shares during the period. Alliancebernstein L.P. increased its position in shares of Stewart Information Services by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 28,704 shares of the insurance provider’s stock valued at $2,105,000 after acquiring an additional 254 shares during the period. Maryland State Retirement & Pension System grew its stake in Stewart Information Services by 7.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 4,378 shares of the insurance provider’s stock valued at $270,000 after purchasing an additional 287 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Stewart Information Services by 1.9% in the first quarter. Illinois Municipal Retirement Fund now owns 16,116 shares of the insurance provider’s stock worth $992,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STC. Wall Street Zen downgraded shares of 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. Stephens reiterated an “overweight” rating and issued a $88.00 price objective on shares of Stewart Information Services in a research note on Monday, May 18th. Zacks Research cut shares of Stewart Information Services from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods downgraded 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 report 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Stewart Information Services Trading Up 1.3%

Shares of NYSE:STC opened at $68.89 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.39. Stewart Information Services Corporation has a 12-month low of $57.10 and a 12-month high of $78.61. The business has a 50 day moving average of $67.72 and a two-hundred day moving average of $66.85. The company has a market capitalization of $2.10 billion, a PE ratio of 15.11 and a beta of 0.98.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.24). Stewart Information Services had a return on equity of 10.02% and a net margin of 4.12%.The firm had revenue of $895.80 million for the quarter, compared to analyst estimates of $838.07 million. During the same period in the previous year, the business earned $1.34 EPS. Stewart Information Services’s revenue for the quarter was up 24.5% compared to the same quarter last year. As a group, analysts forecast that Stewart Information Services Corporation will post 5.26 EPS for the current year.

Stewart Information Services Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. Stewart Information Services’s payout ratio is presently 46.05%.

Insiders Place Their Bets

In other news, Director C Allen Bradley, Jr. acquired 1,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the completion of the transaction, the director owned 25,034 shares in the company, valued at approximately $1,598,921.58. The trade was a 4.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.