BlackRock Maintains 20.0% Stake in Stewart Information Services Corp.
Ticker: STC · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 94344
| Field | Detail |
|---|---|
| Company | Stewart Information Services CORP (STC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns 20% of Stewart Information Services Corp. as of Dec 31, 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, for its holdings in Stewart Information Services Corp. (NYSE: STC). This filing, an amendment number 3, indicates BlackRock's ownership of 5,005,683 shares of Common Stock as of December 31, 2023, representing 20.0% of the company's outstanding shares. This matters to investors because BlackRock, a major institutional investor, maintains a significant stake, signaling continued confidence in Stewart Information Services Corp.'s long-term prospects.
Why It Matters
BlackRock's continued substantial ownership in Stewart Information Services Corp. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a degree of stability.
Analyst Insight
Investors should note BlackRock's consistent, large stake as a sign of institutional confidence, but also monitor future filings for any changes in ownership that could signal a shift in sentiment.
Key Numbers
- 5,005,683 — Shares Owned (BlackRock's total beneficial ownership in Stewart Information Services Corp.)
- 20.0% — Ownership Percentage (The significant stake BlackRock holds in Stewart Information Services Corp.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Stewart Information Services Corp. (company) — the subject company whose shares are being reported
- 5,005,683 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock Inc.
- 20.0% (dollar_amount) — percentage of the class of securities beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring this filing
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in Stewart Information Services Corp. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 3) to a Schedule 13G, filed by BlackRock, Inc. to report its beneficial ownership of Common Stock in Stewart Information Services Corporation as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., a major institutional investment manager, as indicated in the 'Names of reporting persons' section.
What is the subject company of this filing?
The subject company is STEWART INFORMATION SERVICES CORPORATION, identified by its CUSIP Number 860372101 and its business address at 1360 Post Oak Blvd, Suite 100, Houston, TX 77056.
How many shares of Stewart Information Services Corp. Common Stock does BlackRock Inc. beneficially own?
As of December 31, 2023, BlackRock Inc. beneficially owns 5,005,683 shares of Common Stock in Stewart Information Services Corporation, as stated in the filing.
What percentage of Stewart Information Services Corp.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. beneficially owns 20.0% of the class of securities (Common Stock) of Stewart Information Services Corporation, according to the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding STEWART INFORMATION SERVICES CORP (STC).