Goldman Sachs Group Inc. grew its stake in Stewart Information Services Corporation (NYSE:STC) by 65.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,869 shares of the insurance provider’s stock after purchasing an additional 58,112 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.62% of Stewart Information Services Corporation worth $6,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Stewart Information Services Corporation by 0.8% in the first quarter. Arizona State Retirement System now owns 12,167 shares of the insurance provider’s stock valued at $538,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Stewart Information Services Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the insurance provider’s stock valued at $436,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund raised its position in shares of Stewart Information Services Corporation by 2.0% in the second quarter. Texas Permanent School Fund now owns 17,260 shares of the insurance provider’s stock valued at $783,000 after purchasing an additional 339 shares during the period. Mason Street Advisors LLC raised its position in shares of Stewart Information Services Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 358 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Stewart Information Services Corporation by 1.0% in the first quarter. Legal & General Group Plc now owns 38,819 shares of the insurance provider’s stock valued at $1,713,000 after purchasing an additional 389 shares during the period. 90.50% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on STC. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $38.00 price objective on shares of Stewart Information Services Corporation in a research report on Thursday, October 12th. BidaskClub lowered shares of Stewart Information Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th.

Stewart Information Services Corporation (NYSE STC) opened at 37.55 on Friday. The company has a market capitalization of $891.47 million, a price-to-earnings ratio of 13.45 and a beta of 0.77. The stock has a 50 day moving average of $36.96 and a 200 day moving average of $41.59. Stewart Information Services Corporation has a 12 month low of $34.48 and a 12 month high of $48.17.

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). The company had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $503.05 million. Stewart Information Services Corporation had a return on equity of 9.77% and a net margin of 3.27%. Stewart Information Services Corporation’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Equities analysts anticipate that Stewart Information Services Corporation will post $2.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 14th. Stewart Information Services Corporation’s dividend payout ratio (DPR) is currently 43.01%.

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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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