Gamco Investors INC. ET AL Sells 14,964 Shares of Stewart Information Services Corporation $STC

Gamco Investors INC. ET AL lowered its position in Stewart Information Services Corporation (NYSE:STC) by 46.8% during the first quarter, Holdings Channel reports. The firm owned 17,030 shares of the insurance provider’s stock after selling 14,964 shares during the period. Gamco Investors INC. ET AL’s holdings in Stewart Information Services were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stewart Information Services during the fourth quarter worth $43,000. Exchange Traded Concepts LLC acquired a new position in Stewart Information Services in the fourth quarter valued at $65,000. Horizon Investments LLC bought a new stake in Stewart Information Services during the fourth quarter valued at $65,000. Kemnay Advisory Services Inc. bought a new stake in Stewart Information Services during the fourth quarter valued at $66,000. Finally, Clearstead Advisors LLC grew its holdings in Stewart Information Services by 50.9% during the 4th quarter. Clearstead Advisors LLC now owns 981 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 331 shares during the period. 96.90% of the stock is owned by institutional investors.

Stewart Information Services Trading Up 5.1%

STC opened at $69.71 on Wednesday. Stewart Information Services Corporation has a 1-year low of $57.10 and a 1-year high of $78.61. The company has a current ratio of 1.98, a quick ratio of 2.12 and a debt-to-equity ratio of 0.39. The company has a market cap of $2.12 billion, a P/E ratio of 15.29 and a beta of 0.99. The company has a fifty day moving average price of $67.13 and a two-hundred day moving average price of $66.74.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data 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 company had revenue of $895.80 million for the quarter, compared to analyst estimates of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. Stewart Information Services’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. Analysts predict that Stewart Information Services Corporation will post 5.8 EPS 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. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. Stewart Information Services’s payout ratio is presently 46.05%.

Insiders Place Their Bets

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $63.87 per share, with a total value of $63,870.00. Following the purchase, the director owned 25,034 shares in the company, valued at $1,598,921.58. This represents a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Benchmark assumed coverage on 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. Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Keefe, Bruyette & Woods cut Stewart Information Services from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $77.00 to $71.00 in a research note on Monday. Stephens reiterated an “overweight” rating and issued a $88.00 target price on shares of Stewart Information Services in a report on Monday, May 18th. Finally, Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.50.

About Stewart Information Services

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.