Stewart Information Services Corporation (STC) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of Stewart Information Services Corporation (NYSE:STC) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,367 shares of the insurance provider’s stock after acquiring an additional 200 shares during the period. Arizona State Retirement System owned about 0.05% of Stewart Information Services Corporation worth $561,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in Stewart Information Services Corporation by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 207,110 shares of the insurance provider’s stock worth $9,399,000 after buying an additional 6,508 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in Stewart Information Services Corporation by 27.6% during the 2nd quarter. Essex Investment Management Co. LLC now owns 46,754 shares of the insurance provider’s stock worth $2,122,000 after buying an additional 10,127 shares during the last quarter. Texas Permanent School Fund grew its stake in Stewart Information Services Corporation by 2.0% during the 2nd quarter. Texas Permanent School Fund now owns 17,260 shares of the insurance provider’s stock worth $783,000 after buying an additional 339 shares during the last quarter. Bessemer Group Inc. grew its stake in Stewart Information Services Corporation by 5.3% during the 2nd quarter. Bessemer Group Inc. now owns 38,000 shares of the insurance provider’s stock worth $1,724,000 after buying an additional 1,900 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Stewart Information Services Corporation by 146.0% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 48,700 shares of the insurance provider’s stock worth $2,210,000 after buying an additional 28,900 shares during the last quarter. 90.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of Stewart Information Services Corporation (STC) traded down 0.36% on Thursday, reaching $35.58. The company had a trading volume of 101,659 shares. The company’s 50-day moving average is $36.96 and its 200 day moving average is $42.57. The firm has a market capitalization of $844.70 million, a PE ratio of 12.75 and a beta of 0.76. 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 posted its earnings results on Thursday, July 20th. The insurance provider reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.24). The company had revenue of $485.50 million for the quarter, compared to the consensus estimate 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 quarter last year, the business earned $0.49 EPS. Equities analysts forecast that Stewart Information Services Corporation will post $2.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 annualized dividend and a yield of 3.37%. Stewart Information Services Corporation’s payout ratio is 43.01%.

In other Stewart Information Services Corporation news, insider Nicholas Galea sold 141,000 shares of Stewart Information Services Corporation stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $0.48, for a total value of $67,680.00. Insiders own 2.20% of the company’s stock.

STC has been the subject of a number of recent research reports. BidaskClub upgraded Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “sell” rating and set a $41.00 price objective on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th.

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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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