I believe it is a correct result ! As volker_muehlhaus wrote, your S11 refers to the port impedance and port impedance changes with frequency, so you will get perfect match at all frequencies. If you want your results to be normalized to fixed impedance, you have to check the box "normalize to fixed impedance" in transient solver options and put there desired value.
The warning only means, that in square waveguide both TE10 and TE01 have the same cutoff frequency so in port definition you should change number of modes from 1 to 2.