SG Americas Securities LLC raised its position in Stewart Information Services Corporation (NYSE:STC) by 56.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,952 shares of the insurance provider’s stock after purchasing an additional 1,423 shares during the quarter. SG Americas Securities LLC’s holdings in Stewart Information Services Corporation were worth $179,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of Stewart Information Services Corporation by 5.1% in the 1st quarter. Morgan Stanley now owns 71,509 shares of the insurance provider’s stock worth $3,159,000 after purchasing an additional 3,453 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Stewart Information Services Corporation in the 2nd quarter worth about $246,000. Comerica Bank raised its holdings in shares of Stewart Information Services Corporation by 3.9% in the 1st quarter. Comerica Bank now owns 25,853 shares of the insurance provider’s stock worth $1,233,000 after purchasing an additional 982 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Stewart Information Services Corporation by 6.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 34,771 shares of the insurance provider’s stock worth $1,578,000 after purchasing an additional 2,234 shares during the period. Finally, Clinton Group Inc. purchased a new position in shares of Stewart Information Services Corporation in the 1st quarter worth about $285,000. Institutional investors own 90.50% of the company’s stock.

A number of equities analysts have recently commented on STC shares. Keefe, Bruyette & Woods restated a “sell” rating and issued a $41.00 price objective on shares of Stewart Information Services Corporation in a report on Tuesday, May 30th. BidaskClub upgraded Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th.

Shares of Stewart Information Services Corporation (NYSE:STC) opened at 35.58 on Friday. Stewart Information Services Corporation has a 1-year low of $34.48 and a 1-year high of $48.17. The firm has a market cap of $844.70 million, a price-to-earnings ratio of 12.75 and a beta of 0.76. The stock has a 50 day moving average price of $36.96 and a 200-day moving average price of $42.57.

Stewart Information Services Corporation (NYSE:STC) last released its quarterly earnings data 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 firm had revenue of $485.50 million for the quarter, compared to analyst estimates of $503.05 million. Stewart Information Services Corporation had a net margin of 3.27% and a return on equity of 9.77%. Stewart Information Services Corporation’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, equities research analysts expect that Stewart Information Services Corporation will post $2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. Stewart Information Services Corporation’s dividend payout ratio is currently 43.01%.

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In other Stewart Information Services Corporation news, insider Nicholas Galea sold 141,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $0.48, for a total value of $67,680.00. 2.20% of the stock is owned by insiders.

Stewart Information Services Corporation Profile

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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