First National Bank of Omaha Invests $548,000 in Stewart Information Services Corporation $STC
by Jessica Moore · The Cerbat GemFirst National Bank of Omaha acquired a new stake in Stewart Information Services Corporation (NYSE:STC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,302 shares of the insurance provider’s stock, valued at approximately $548,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC increased its holdings in 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 buying an additional 164 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Stewart Information Services by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 15,479 shares of the insurance provider’s stock valued at $1,087,000 after acquiring an additional 234 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Stewart Information Services by 0.9% in the third 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 last quarter. Maryland State Retirement & Pension System grew its position in shares of Stewart Information Services by 7.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 4,378 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 287 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in shares of Stewart Information Services by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 16,116 shares of the insurance provider’s stock valued at $992,000 after acquiring an additional 308 shares during the period. 96.90% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $63.87 per share, with a total value of $63,870.00. Following the acquisition, the director directly owned 25,034 shares in the company, valued at $1,598,921.58. The trade was a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.94% of the company’s stock.
Stewart Information Services Trading Up 1.3%
STC stock opened at $68.89 on Thursday. Stewart Information Services Corporation has a one year low of $57.10 and a one year high of $78.61. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 15.11 and a beta of 0.98. The company has a fifty day moving average price of $67.72 and a two-hundred day moving average price of $66.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.98.
Stewart Information Services (NYSE:STC – Get Free Report) last issued 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. Equities analysts anticipate that Stewart Information Services Corporation will post 5.26 EPS for the current year.
Stewart Information Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid 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 3.0%. Stewart Information Services’s dividend payout ratio is 46.05%.
Analyst Upgrades and Downgrades
STC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut shares of Stewart Information Services from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $77.00 to $71.00 in a report on Monday, July 27th. Wall Street Zen cut Stewart Information Services from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Benchmark assumed coverage on Stewart Information Services in a report on Tuesday, July 21st. They set a “buy” rating and a $87.00 price target for 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. Finally, Weiss Ratings upgraded Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Four research 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.50.
Check Out Our Latest Research Report on Stewart Information Services
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.
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