Eqis Capital Management Inc. purchased a new stake in Stewart Information Services Corporation (NYSE:STC) during the second quarter, Holdings Channel reports. The institutional investor purchased 9,355 shares of the insurance provider’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Stewart Information Services Corporation by 53,457.8% in the first quarter. BlackRock Inc. now owns 2,908,725 shares of the insurance provider’s stock valued at $128,507,000 after buying an additional 2,903,294 shares during the period. FMR LLC increased its position in Stewart Information Services Corporation by 152.5% in the first quarter. FMR LLC now owns 194,378 shares of the insurance provider’s stock valued at $8,588,000 after buying an additional 117,397 shares during the period. Dimensional Fund Advisors LP increased its position in Stewart Information Services Corporation by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,869,728 shares of the insurance provider’s stock valued at $82,604,000 after buying an additional 114,878 shares during the period. Wells Fargo & Company MN increased its position in Stewart Information Services Corporation by 16.7% in the first quarter. Wells Fargo & Company MN now owns 639,730 shares of the insurance provider’s stock valued at $28,263,000 after buying an additional 91,777 shares during the period. Finally, Vanguard Group Inc. increased its position in Stewart Information Services Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 1,160,008 shares of the insurance provider’s stock valued at $51,250,000 after buying an additional 84,343 shares during the period. Hedge funds and other institutional investors own 93.36% of the company’s stock.

Shares of Stewart Information Services Corporation (NYSE STC) opened at 40.07 on Friday. The stock has a market cap of $950.06 million, a PE ratio of 16.08 and a beta of 0.81. Stewart Information Services Corporation has a 52 week low of $38.98 and a 52 week high of $48.60. The company’s 50-day moving average is $45.33 and its 200 day moving average is $44.65.

Stewart Information Services Corporation (NYSE:STC) last announced its earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by $0.24. The business had revenue of $485.50 million for the quarter, compared to analyst estimates of $503.05 million. Stewart Information Services Corporation had a return on equity of 9.77% and a net margin of 3.27%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Analysts forecast that Stewart Information Services Corporation will post $2.90 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Tuesday, June 13th. Stewart Information Services Corporation’s payout ratio is currently 43.01%.

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STC has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “sell” rating and set a $41.00 price target on shares of Stewart Information Services Corporation in a research report on Tuesday, May 30th. BidaskClub raised shares of Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.00.

In other Stewart Information Services Corporation 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 transaction of $67,680.00. Also, Director James M. Chadwick sold 24,196 shares of Stewart Information Services Corporation stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $46.62, for a total transaction of $1,128,017.52. Following the transaction, the director now owns 3,763 shares of the company’s stock, valued at approximately $175,431.06. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 42,000 shares of company stock valued at $33,020 and have sold 179,696 shares valued at $1,203,673. Insiders own 2.20% of the company’s stock.

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.

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

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