First Trust Advisors LP raised its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 37.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,384 shares of the insurance provider’s stock after purchasing an additional 9,632 shares during the period. First Trust Advisors LP owned 0.15% of Stewart Information Services worth $1,336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of STC. Flinton Capital Management LLC increased its position in shares of Stewart Information Services by 102.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 1,316 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Stewart Information Services by 56.3% in the second quarter. SG Americas Securities LLC now owns 3,952 shares of the insurance provider’s stock worth $179,000 after acquiring an additional 1,423 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Stewart Information Services in the second quarter worth $228,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Stewart Information Services in the second quarter worth $232,000. Finally, Aperio Group LLC acquired a new stake in shares of Stewart Information Services in the second quarter worth $254,000. 86.66% of the stock is owned by hedge funds and other institutional investors.

STC has been the subject of several recent research reports. BidaskClub lowered shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. Finally, Keefe, Bruyette & Woods raised shares of Stewart Information Services from an “underperform” rating to a “market perform” rating in a research report on Wednesday, November 8th.

Stewart Information Services Corporation (NYSE STC) traded down $0.24 on Friday, reaching $40.09. 142,341 shares of the company were exchanged, compared to its average volume of 135,719. The firm has a market cap of $958.40, a price-to-earnings ratio of 19.58 and a beta of 0.92. Stewart Information Services Corporation has a 1-year low of $34.48 and a 1-year high of $48.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.00 and a current ratio of 3.00.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.25). The firm had revenue of $498.05 million for the quarter, compared to analyst estimates of $470.30 million. Stewart Information Services had a net margin of 2.57% and a return on equity of 7.37%. Stewart Information Services’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. analysts forecast that Stewart Information Services Corporation will post 2.46 earnings per share 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. Stewart Information Services’s payout ratio is 56.34%.

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Stewart Information Services 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.

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

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