BNP Paribas Arbitrage SA Has $464,000 Holdings in Stewart Information Services Corporation (STC)
BNP Paribas Arbitrage SA raised its stake in Stewart Information Services Corporation (NYSE:STC) by 89.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,294 shares of the insurance provider’s stock after purchasing an additional 5,809 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Stewart Information Services worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of STC. Flinton Capital Management LLC raised its position in Stewart Information Services by 102.2% in the 2nd quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 1,316 shares in the last quarter. SG Americas Securities LLC raised its position in Stewart Information Services by 56.3% in the 2nd quarter. SG Americas Securities LLC now owns 3,952 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 1,423 shares in the last quarter. LMR Partners LLP acquired a new stake in Stewart Information Services in the 2nd quarter valued at about $228,000. Piedmont Investment Advisors LLC acquired a new stake in Stewart Information Services in the 2nd quarter valued at about $232,000. Finally, Aperio Group LLC purchased a new position in shares of Stewart Information Services in the 2nd quarter valued at about $254,000. 86.68% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on STC. Keefe, Bruyette & Woods upgraded Stewart Information Services from an “underperform” rating to a “market perform” rating in a report on Wednesday, November 8th. BidaskClub downgraded Stewart Information Services from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research downgraded Stewart Information Services from a “hold” rating to a “sell” rating in a report on Saturday, November 18th.
Stewart Information Services Corporation (STC) traded up $0.25 on Friday, hitting $40.64. The stock had a trading volume of 83,024 shares, compared to its average volume of 103,433. Stewart Information Services Corporation has a fifty-two week low of $34.48 and a fifty-two week high of $48.03. The stock has a market cap of $965.77, a P/E ratio of 19.73 and a beta of 0.92. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.21.
Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.25). The firm had revenue of $498.05 million for the quarter, compared to analysts’ expectations of $470.30 million. Stewart Information Services had a return on equity of 7.37% and a net margin of 2.57%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. analysts forecast that Stewart Information Services Corporation will post 2.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.95%. Stewart Information Services’s dividend payout ratio is presently 56.34%.
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About Stewart Information Services
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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