Bank of America Corp DE boosted its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 90.4% during the first quarter, Holdings Channel reports. The firm owned 40,890 shares of the insurance provider’s stock after buying an additional 19,411 shares during the period. Bank of America Corp DE’s holdings in Stewart Information Services Corporation were worth $1,807,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Sawgrass Asset Management LLC bought a new stake in shares of Stewart Information Services Corporation during the first quarter worth $350,000. Teachers Advisors LLC boosted its stake in shares of Stewart Information Services Corporation by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 51,347 shares of the insurance provider’s stock worth $2,366,000 after buying an additional 768 shares in the last quarter. Comerica Bank boosted its stake in shares of Stewart Information Services Corporation by 3.9% in the first quarter. Comerica Bank now owns 25,853 shares of the insurance provider’s stock worth $1,233,000 after buying an additional 982 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Stewart Information Services Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 37,302 shares of the insurance provider’s stock worth $1,648,000 after buying an additional 137 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Stewart Information Services Corporation by 152.0% in the fourth quarter. FMR LLC now owns 76,981 shares of the insurance provider’s stock worth $3,547,000 after buying an additional 46,432 shares in the last quarter. 94.23% of the stock is owned by institutional investors.

Shares of Stewart Information Services Corporation (NYSE STC) traded up 0.77% during midday trading on Monday, hitting $37.88. 7,921 shares of the company were exchanged. Stewart Information Services Corporation has a one year low of $37.40 and a one year high of $48.60. The firm has a market cap of $899.31 million, a P/E ratio of 13.57 and a beta of 0.77. The company’s 50 day moving average price is $42.68 and its 200 day moving average price is $44.09.

Stewart Information Services Corporation (NYSE:STC) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.24. The firm had revenue of $485.50 million during the quarter, compared to the consensus estimate 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 was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. Equities analysts expect that Stewart Information Services Corporation will post $2.43 EPS for the current year.

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A number of brokerages recently weighed in on STC. Keefe, Bruyette & Woods restated a “sell” rating and set a $41.00 price objective on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. BidaskClub upgraded shares of Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company currently has an average rating of “Sell” and a consensus price target of $46.00.

In related news, insider Nicholas Galea sold 141,000 shares of the firm’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. In the last quarter, insiders purchased 42,000 shares of company stock worth $33,020. 2.20% of the stock is owned by company insiders.

Stewart Information Services Corporation Company 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.

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

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