Stewart Information Services Corp (STC) Position Raised by Swiss National Bank

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Swiss National Bank boosted its holdings in shares of Stewart Information Services Corp (NYSE:STC) by 19.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,200 shares of the insurance provider’s stock after purchasing an additional 6,100 shares during the period. Swiss National Bank’s holdings in Stewart Information Services were worth $1,602,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in shares of Stewart Information Services by 19.1% in the 1st quarter. Wells Fargo & Company MN now owns 914,168 shares of the insurance provider’s stock valued at $40,169,000 after buying an additional 146,367 shares during the period. Burford Capital Investment Management LLC increased its stake in shares of Stewart Information Services by 39.7% in the 1st quarter. Burford Capital Investment Management LLC now owns 508,819 shares of the insurance provider’s stock valued at $22,358,000 after buying an additional 144,669 shares during the period. Citigroup Inc. increased its stake in shares of Stewart Information Services by 774.7% in the 1st quarter. Citigroup Inc. now owns 146,531 shares of the insurance provider’s stock valued at $6,438,000 after buying an additional 129,779 shares during the period. LMR Partners LLP acquired a new stake in shares of Stewart Information Services in the 2nd quarter valued at $5,009,000. Finally, Cowen Inc. acquired a new stake in shares of Stewart Information Services in the 1st quarter valued at $4,525,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

NYSE STC opened at $45.10 on Friday. The firm has a market capitalization of $1.07 billion, a PE ratio of 20.95 and a beta of 0.73. Stewart Information Services Corp has a 52 week low of $35.35 and a 52 week high of $47.37. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, July 18th. The insurance provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.10). The firm had revenue of $492.87 million during the quarter. Stewart Information Services had a net margin of 2.28% and a return on equity of 7.58%. During the same period in the prior year, the business earned $0.79 earnings per share. equities research analysts expect that Stewart Information Services Corp will post 2.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.66%. Stewart Information Services’s dividend payout ratio is currently 55.30%.

Several research firms have recently commented on STC. Zacks Investment Research cut Stewart Information Services from a “hold” rating to a “sell” rating in a research note on Thursday, June 7th. ValuEngine raised Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Friday, July 20th.

Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

Further Reading: Fiduciary

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 Corp (NYSE:STC).

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

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