Allspring Global Investments Updates Stewart Info Services Stake

Ticker: STC · Form: SC 13G/A · Filed: Jan 12, 2024 · CIK: 94344

Stewart Information Services CORP SC 13G/A Filing Summary
FieldDetail
CompanyStewart Information Services CORP (STC)
Form TypeSC 13G/A
Filed DateJan 12, 2024
Risk Levellow
Pages5
Reading Time6 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Allspring Global Investments just re-affirmed their stake in Stewart Information Services.**

AI Summary

Allspring Global Investments Holdings, LLC filed an amended SC 13G/A on January 12, 2024, indicating their ownership in Stewart Information Services Corp. As of December 31, 2023, this filing updates previous disclosures, showing Allspring Global Investments Holdings, LLC continues to hold a significant, though not necessarily changed, passive stake in the title insurance company. This matters to investors because large institutional holdings can provide a degree of stability and confidence in a stock, as these firms typically conduct extensive due diligence.

Why It Matters

This filing confirms a major institutional investor's continued interest in Stewart Information Services Corp, which can influence market perception and liquidity for the stock.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not signal any immediate risk or major change in company fundamentals.

Analyst Insight

Investors should note the continued institutional ownership by Allspring Global Investments Holdings, LLC, which suggests a long-term, passive interest in Stewart Information Services Corp. This filing itself doesn't warrant immediate action but reinforces the existing institutional support for the stock.

Key Players & Entities

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A is an amendment (Amendment No. 2) filed by Allspring Global Investments Holdings, LLC to update their beneficial ownership in Stewart Information Services Corp as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is Allspring Global Investments Holdings, LLC, with a Tax ID of 36-4863445 and CIK 0001890906.

What is the subject company of this filing?

The subject company is Stewart Information Services Corp, a title insurance company with CIK 0000094344, located at 1360 Post Oak Blvd, Suite 100, Houston, TX 77056.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

Filing Stats: 1,549 words · 6 min read · ~5 pages · Grade level 8.3 · Accepted 2024-01-12 09:00:35

Filing Documents

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 1,649,809 (ii) AGI: 1,648,147 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 6.03% (ii) AGI: 6.02% (ii) AFM: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 1,596,444 (2) AGI: 242,742 (3) AFM: 0 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 1,649,809 (2) AGI: 1,648,147 (3) AFM: 0 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 11, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 11, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

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