Stewart Information Services Corporation (NYSE:STC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Stewart Information Services Corporation (NYSE:STC) by 7.8% during the first quarter, Holdings Channel reports. The fund owned 1,160,008 shares of the insurance provider’s stock after buying an additional 84,343 shares during the period. Vanguard Group Inc.’s holdings in Stewart Information Services Corporation were worth $51,250,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in 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 buying an additional 389 shares during the last quarter. Teachers Advisors LLC increased its stake in Stewart Information Services Corporation by 2.5% in the first quarter. Teachers Advisors LLC now owns 52,624 shares of the insurance provider’s stock valued at $2,325,000 after buying an additional 1,277 shares during the last quarter. FMR LLC increased its stake in Stewart Information Services Corporation by 152.5% in the first quarter. FMR LLC now owns 194,378 shares of the insurance provider’s stock valued at $8,588,000 after buying an additional 117,397 shares during the last quarter. Principal Financial Group Inc. increased its stake in Stewart Information Services Corporation by 0.7% in the first quarter. Principal Financial Group Inc. now owns 177,637 shares of the insurance provider’s stock valued at $7,848,000 after buying an additional 1,229 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Stewart Information Services Corporation by 15.8% in the first quarter. OppenheimerFunds Inc. now owns 34,373 shares of the insurance provider’s stock valued at $1,519,000 after buying an additional 4,699 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Shares of Stewart Information Services Corporation (STC) opened at 38.42 on Thursday. The firm has a market capitalization of $912.13 million, a P/E ratio of 13.77 and a beta of 0.77. Stewart Information Services Corporation has a one year low of $38.29 and a one year high of $48.60. The firm has a 50-day moving average of $43.08 and a 200-day moving average of $44.17.

Stewart Information Services Corporation (NYSE:STC) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.24. The firm had revenue of $485.50 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, equities analysts predict that Stewart Information Services Corporation will post $2.43 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Stewart Information Services Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $41.00 price objective on shares of Stewart Information Services Corporation in a report on Tuesday, May 30th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Stewart Information Services Corporation presently has a consensus rating of “Sell” and an average price target of $46.00.

In other Stewart Information Services Corporation 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 transaction of $67,680.00. In the last 90 days, insiders have acquired 42,000 shares of company stock worth $33,020. Company insiders own 2.20% of the company’s stock.

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).

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

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