Tributary Capital Management LLC Grows Position in Stewart Information Services Corporation $STC

Tributary Capital Management LLC raised its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 92.5% during the third quarter, HoldingsChannel reports. The firm owned 568,864 shares of the insurance provider’s stock after purchasing an additional 273,424 shares during the quarter. Stewart Information Services makes up about 2.0% of Tributary Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Tributary Capital Management LLC’s holdings in Stewart Information Services were worth $41,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nomura Holdings Inc. purchased a new stake in shares of Stewart Information Services during the second quarter valued at $3,720,000. Jane Street Group LLC lifted its position in Stewart Information Services by 607.8% during the 1st quarter. Jane Street Group LLC now owns 50,631 shares of the insurance provider’s stock worth $3,613,000 after acquiring an additional 43,478 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Stewart Information Services by 2.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,715,422 shares of the insurance provider’s stock valued at $113,286,000 after purchasing an additional 33,413 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Stewart Information Services during the 2nd quarter valued at about $1,819,000. Finally, Gabelli Funds LLC acquired a new position in shares of Stewart Information Services in the second quarter valued at about $1,296,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Stock Down 2.4%

Shares of STC stock opened at $69.29 on Thursday. Stewart Information Services Corporation has a twelve month low of $56.39 and a twelve month high of $78.61. The stock has a market cap of $1.94 billion, a P/E ratio of 19.30 and a beta of 1.02. The stock has a 50 day moving average of $72.50 and a 200 day moving average of $70.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.30.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, October 22nd. The insurance provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.42 by $0.22. The business had revenue of $791.30 million for the quarter, compared to analyst estimates of $737.30 million. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. As a group, sell-side analysts expect that Stewart Information Services Corporation will post 6.29 EPS for the current year.

Stewart Information Services Announces Dividend

The company also recently declared 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. This represents a $2.10 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, December 15th. Stewart Information Services’s dividend payout ratio (DPR) is currently 58.50%.

Analysts Set New Price Targets

A number of research firms recently commented on STC. Wall Street Zen raised Stewart Information Services from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Stewart Information Services from $78.00 to $81.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Stewart Information Services currently has an average rating of “Moderate Buy” and an average price target of $81.50.

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.