Bulldog Investors LLC maintained its stake in shares of Stewart Information Services Corporation (NYSE:STC) during the fourth quarter, Holdings Channel reports. The firm owned 1,019,318 shares of the company’s stock at the end of the fourth quarter. Stewart Information Services Corporation makes up about 12.0% of Bulldog Investors LLC’s portfolio, making the stock its largest position. Bulldog Investors LLC owned about 4.35% of Stewart Information Services Corporation worth $46,970,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC bought a new stake in Stewart Information Services Corporation during the fourth quarter worth about $112,000. Public Employees Retirement System of Ohio increased its stake in Stewart Information Services Corporation by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,691 shares of the company’s stock worth $111,000 after buying an additional 206 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Stewart Information Services Corporation by 18.4% in the second quarter. Teacher Retirement System of Texas now owns 2,885 shares of the company’s stock worth $119,000 after buying an additional 449 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Stewart Information Services Corporation by 2.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,180 shares of the company’s stock worth $230,000 after buying an additional 100 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in Stewart Information Services Corporation during the third quarter worth about $322,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

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

Stewart Information Services Corporation (NYSE:STC) traded up 0.09% during midday trading on Thursday, reaching $44.97. 92,943 shares of the company were exchanged. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.31 and a beta of 0.85. The firm’s 50-day moving average price is $44.22 and its 200 day moving average price is $44.95. Stewart Information Services Corporation has a 52-week low of $31.76 and a 52-week high of $48.60.

Stewart Information Services Corporation (NYSE:STC) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.16. Stewart Information Services Corporation had a net margin of 2.76% and a return on equity of 9.32%. The company earned $525.80 million during the quarter, compared to the consensus estimate of $496.85 million. During the same period in the prior year, the company earned $0.11 EPS. Stewart Information Services Corporation’s revenue was up 5.7% on a year-over-year basis. Equities analysts predict that Stewart Information Services Corporation will post $2.70 earnings per share for the current year.

“Stewart Information Services Corporation (STC) is Bulldog Investors LLC’s Largest Position” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be read at http://www.dailypolitical.com/2017/02/16/stewart-information-services-corporation-stc-is-bulldog-investors-llcs-largest-position.html.

A number of research firms recently issued reports on STC. Zacks Investment Research upgraded shares of Stewart Information Services Corporation from a “sell” rating to a “hold” rating in a report on Thursday, December 22nd. Stephens downgraded shares of Stewart Information Services Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, December 5th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods downgraded shares of Stewart Information Services Corporation from a “market perform” rating to an “underperform” rating and set a $40.00 target price for the company. in a report on Tuesday, December 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Stewart Information Services Corporation currently has a consensus rating of “Hold” and a consensus target price of $34.05.

In other Stewart Information Services Corporation news, insider John L. Killea sold 4,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $45.08, for a total value of $180,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.41% of the stock is currently owned by corporate 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 three segments: title insurance and related services, mortgage services and corporate.

5 Day Chart for NYSE:STC

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