Stewart Information Services Corporation (STC) Stake Lowered by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lowered its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 18.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,036 shares of the insurance provider’s stock after selling 892 shares during the period. BNP Paribas Arbitrage SA’s holdings in Stewart Information Services Corporation were worth $178,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 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 valued at $2,366,000 after buying an additional 768 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Stewart Information Services Corporation by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 137,580 shares of the insurance provider’s stock valued at $6,339,000 after buying an additional 740 shares in the last quarter. MIG Capital LLC acquired a new stake in shares of Stewart Information Services Corporation during the fourth quarter valued at about $21,876,000. Guggenheim Capital LLC boosted its stake in shares of Stewart Information Services Corporation by 92.4% in the fourth quarter. Guggenheim Capital LLC now owns 44,157 shares of the insurance provider’s stock valued at $2,035,000 after buying an additional 21,205 shares in the last quarter. Finally, Tudor Investment Corp Et Al boosted its stake in shares of Stewart Information Services Corporation by 37.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 9,200 shares of the insurance provider’s stock valued at $424,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.

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

Shares of Stewart Information Services Corporation (STC) opened at 45.01 on Tuesday. Stewart Information Services Corporation has a 52-week low of $39.11 and a 52-week high of $48.60. The company has a 50-day moving average of $45.10 and a 200-day moving average of $44.42. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 18.06 and a beta of 0.85.

Stewart Information Services Corporation (NYSE:STC) last issued its earnings results on Thursday, April 20th. The insurance provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.24. Stewart Information Services Corporation had a net margin of 3.52% and a return on equity of 10.64%. The company had revenue of $443 million for the quarter, compared to the consensus estimate of $439.40 million. During the same period in the previous year, the firm earned ($0.48) earnings per share. Stewart Information Services Corporation’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Stewart Information Services Corporation will post $3.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, June 13th. Stewart Information Services Corporation’s dividend payout ratio (DPR) is presently 48.19%.

TRADEMARK VIOLATION NOTICE: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2654341/stewart-information-services-corporation-stc-stake-lowered-by-bnp-paribas-arbitrage-sa.html.

Separately, Keefe, Bruyette & Woods restated a “sell” rating and set a $41.00 target price on shares of Stewart Information Services Corporation in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.

In other Stewart Information Services Corporation news, Director James M. Chadwick sold 24,196 shares of Stewart Information Services Corporation stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $46.62, for a total transaction of $1,128,017.52. Following the transaction, the director now directly owns 3,763 shares of the company’s stock, valued at $175,431.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

About Stewart Information Services Corporation

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.

Want to see what other hedge funds are holding STC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stewart Information Services Corporation (NYSE:STC).

Receive News & Ratings for Stewart Information Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stewart Information Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.