Stewart Information Services Corp (STC) : Bulldog Investors reduced its stake in Stewart Information Services Corp by 3.69% during the Q4 period. The investment management company now holds a total of 1,135,499 shares of Stewart Information Services Corp which is valued at $38.2 Million after selling 43,498 shares in Stewart Information Services Corp according to the most recent disclosure to the SEC.Stewart Information Services Corp makes up approximately 9.55% of Bulldog Investors’s portfolio.
Other Hedge Funds, Including , Massachusetts Financial Services Co reduced its stake in STC by selling 18,039 shares or 13.64% during the fourth quarter. The Hedge Fund company now holds 114,253 shares of STC which is valued at $3.8 Million.Schwab Charles Investment Management Inc boosted its stake in STC during the Q4 period, The investment management firm added 607 additional shares and now holds a total of 111,214 shares of Stewart Information Services Corp which is valued at $3.7 Million. Stewart Information Services Corp makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Granite Investment Partners boosted its stake in STC during the Q4 period, The investment management firm added 1,803 additional shares and now holds a total of 199,818 shares of Stewart Information Services Corp which is valued at $6.7 Million. Stewart Information Services Corp makes up approx 0.63% of Granite Investment Partners’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in STC by selling 3,001 shares or 59.47% during the fourth quarter. The Hedge Fund company now holds 2,045 shares of STC which is valued at $68,855.Boston Partners boosted its stake in STC during the Q4 period, The investment management firm added 7,176 additional shares and now holds a total of 231,149 shares of Stewart Information Services Corp which is valued at $7.8 Million. Stewart Information Services Corp makes up approx 0.01% of Boston Partners’s portfolio.
On the company’s financial health, Stewart Information Services Corp reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.34. The company had revenue of $497.40 million for the quarter, compared to analysts expectations of $484.86 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Stewart Information Services Corp. Shares were Reiterated by FBR Capital on Feb 12, 2016 to “Mkt Perform” and Lowered the Price Target to $ 37 from a previous price target of $42 .
Stewart Information Services Corp opened for trading at $33.63 and hit $33.81 on the upside on Monday, eventually ending the session at $33.68, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 1,11,037 shares. Company has a market cap of $786 M.
Stewart Information Services Corporation is a title insurance and real estate services company. The Company offers its products and services through its direct operations network of approved agencies and other companies within the Stewart family of companies. It also provides loan origination and servicing support; loan review services; loss mitigation; Real estate owned (REO) asset management; collateral valuations; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges and technology to streamline the real estate process. The Company operates through three segments: title insurance and related services mortgage services and corporate. The Company’s customers include homebuyers and sellers residential and commercial real estate professionals mortgage lenders and servicers title agencies and real estate attorneys home builders and the United States and county governments.