State Street Corp Acquires 33,451 Shares of Stewart Information Services Corporation (STC)

State Street Corp increased its position in Stewart Information Services Corporation (NYSE:STC) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 558,487 shares of the insurance provider’s stock after buying an additional 33,451 shares during the period. State Street Corp owned approximately 2.36% of Stewart Information Services Corporation worth $24,675,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in Stewart Information Services Corporation by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the insurance provider’s stock valued at $420,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in Stewart Information Services Corporation by 0.8% in the first quarter. Arizona State Retirement System now owns 12,167 shares of the insurance provider’s stock valued at $538,000 after buying an additional 100 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in Stewart Information Services Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 37,302 shares of the insurance provider’s stock valued at $1,648,000 after buying an additional 137 shares during the period. State of Alaska Department of Revenue boosted its stake in Stewart Information Services Corporation by 7.5% in the first quarter. State of Alaska Department of Revenue now owns 4,590 shares of the insurance provider’s stock valued at $201,000 after buying an additional 320 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in Stewart Information Services Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock valued at $241,000 after buying an additional 358 shares during the period. 94.23% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Corporation (NYSE:STC) opened at 36.54 on Friday. The stock has a 50 day moving average price of $41.52 and a 200 day moving average price of $43.86. The stock has a market capitalization of $867.50 million, a P/E ratio of 13.09 and a beta of 0.77. Stewart Information Services Corporation has a 12 month low of $36.35 and a 12 month high of $48.17.

Stewart Information Services Corporation (NYSE:STC) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.24. Stewart Information Services Corporation had a return on equity of 9.77% and a net margin of 3.27%. The business had revenue of $485.50 million during the quarter, compared to the consensus estimate of $503.05 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that Stewart Information Services Corporation will post $2.43 EPS for the current fiscal year.

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Several equities research analysts have weighed in on STC shares. BidaskClub upgraded Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $41.00 price objective on shares of Stewart Information Services Corporation in a research report on Tuesday, May 30th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average target price of $46.00.

In related news, insider Nicholas Galea sold 141,000 shares of Stewart Information Services Corporation stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $0.48, for a total value of $67,680.00. Over the last quarter, insiders purchased 42,000 shares of company stock worth $33,020. 2.20% of the stock is currently owned by insiders.

About Stewart Information Services Corporation

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

Institutional Ownership by Quarter for Stewart Information Services Corporation (NYSE:STC)

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