Credit Suisse AG reduced its stake in Stewart Information Services Corporation (NYSE:STC) by 35.0% during the first quarter, Holdings Channel reports. The firm owned 29,623 shares of the insurance provider’s stock after selling 15,959 shares during the period. Credit Suisse AG’s holdings in Stewart Information Services Corporation were worth $1,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake 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 last quarter. Dimensional Fund Advisors LP raised its stake 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 last quarter. Vanguard Group Inc. raised its stake 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 last quarter. Wells Fargo & Company MN raised its stake 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 last quarter. Finally, State Street Corp raised its stake in Stewart Information Services Corporation by 6.4% in the first quarter. State Street Corp now owns 558,487 shares of the insurance provider’s stock valued at $24,675,000 after buying an additional 33,451 shares during the last quarter. 94.23% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Corporation (STC) traded down 0.403% during mid-day trading on Thursday, hitting $37.558. 10,759 shares of the stock traded hands. Stewart Information Services Corporation has a 52 week low of $37.36 and a 52 week high of $48.17. The firm’s 50-day moving average price is $42.03 and its 200-day moving average price is $43.96. The firm has a market cap of $891.66 million, a P/E ratio of 13.457 and a beta of 0.77.

Stewart Information Services Corporation (NYSE:STC) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share 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 firm had revenue of $485.50 million for the quarter, compared to the consensus estimate of $503.05 million. During the same period last year, the company posted $0.49 EPS. The business’s revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Stewart Information Services Corporation will post $2.43 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on STC. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $41.00 price objective on shares of Stewart Information Services Corporation in a report on Tuesday, May 30th. BidaskClub lowered shares of Stewart Information Services Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has an average rating of “Sell” and an average price target of $46.00.

In other news, insider Nicholas Galea sold 141,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $0.48, for a total transaction of $67,680.00. In the last ninety days, insiders have bought 42,000 shares of company stock valued at $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.

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

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