Stewart Information Services Corp. (NYSE:STC) shares shot up 3.2% during mid-day trading on Wednesday . The company traded as high as $46.42 and last traded at $46.42, with a volume of 512,709 shares changing hands. The stock had previously closed at $45.00.

A number of brokerages have recently issued reports on STC. Zacks Investment Research raised Stewart Information Services Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. FBR & Co increased their target price on Stewart Information Services Corp. from $37.00 to $46.00 and gave the company a “mkt perform” rating in a report on Friday, July 22nd. TheStreet raised Stewart Information Services Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $17.00 target price (up previously from $16.00) on shares of Stewart Information Services Corp. in a report on Friday, May 13th. Finally, CIBC reissued a “sector perform” rating and issued a $16.25 target price (up previously from $16.00) on shares of Stewart Information Services Corp. in a report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Stewart Information Services Corp. currently has an average rating of “Hold” and an average price target of $33.05.

The company has a 50 day moving average price of $42.91 and a 200 day moving average price of $37.14. The company’s market capitalization is $1.08 billion.

Stewart Information Services Corp. (NYSE:STC) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. During the same quarter in the prior year, the business posted $1.05 earnings per share. The company earned $489.40 million during the quarter, compared to analysts’ expectations of $569.04 million. The company’s revenue was down 8.0% compared to the same quarter last year. On average, equities analysts expect that Stewart Information Services Corp. will post $2.40 EPS for the current year.

In other Stewart Information Services Corp. news, Director James M. Chadwick bought 55,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average cost of $36.40 per share, for a total transaction of $2,002,000.00. Following the purchase, the director now directly owns 3,598 shares in the company, valued at $130,967.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and institutional investors have made changes to their positions in STC. Rhumbline Advisers increased its position in shares of Stewart Information Services Corp. by 3.1% in the fourth quarter. Rhumbline Advisers now owns 38,445 shares of the company’s stock valued at $1,435,000 after buying an additional 1,165 shares during the period. Hodges Capital Management Inc. increased its position in shares of Stewart Information Services Corp. by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 61,200 shares of the company’s stock valued at $2,285,000 after buying an additional 200 shares during the period. New York State Common Retirement Fund increased its position in shares of Stewart Information Services Corp. by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 120,796 shares of the company’s stock valued at $4,509,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN increased its position in shares of Stewart Information Services Corp. by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 615,172 shares of the company’s stock valued at $22,964,000 after buying an additional 37,084 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Stewart Information Services Corp. by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,888,947 shares of the company’s stock valued at $70,515,000 after buying an additional 15,962 shares during the period.

Stewart Information Services Corporation is a title insurance and real estate services company. The Company offers its products and services through its direct operations, network of approved agencies and other companies within the Stewart family of companies. It also provides loan origination and servicing support; loan review services; loss mitigation; Real estate owned (REO) asset management; collateral valuations; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges, and technology to streamline the real estate process.

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