Fisher Asset Management LLC Trims Stake in Stewart Information Services Corp (STC)

Fisher Asset Management LLC trimmed its holdings in Stewart Information Services Corp (NYSE:STC) by 13.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 76,410 shares of the insurance provider’s stock after selling 11,675 shares during the period. Fisher Asset Management LLC’s holdings in Stewart Information Services were worth $3,439,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STC. Millennium Management LLC purchased a new stake in shares of Stewart Information Services in the second quarter valued at about $17,050,000. BlackRock Inc. increased its stake in shares of Stewart Information Services by 10.6% during the second quarter. BlackRock Inc. now owns 3,281,013 shares of the insurance provider’s stock worth $141,313,000 after acquiring an additional 314,380 shares during the period. Cowen Inc. increased its stake in shares of Stewart Information Services by 196.3% during the second quarter. Cowen Inc. now owns 305,126 shares of the insurance provider’s stock worth $13,142,000 after acquiring an additional 202,149 shares during the period. LMR Partners LLP acquired a new position in shares of Stewart Information Services during the second quarter worth about $5,009,000. Finally, Havens Advisors LLC increased its stake in shares of Stewart Information Services by 1,181.9% during the second quarter. Havens Advisors LLC now owns 91,000 shares of the insurance provider’s stock worth $3,919,000 after acquiring an additional 83,901 shares during the period. 84.39% of the stock is owned by institutional investors and hedge funds.

Shares of Stewart Information Services stock opened at $41.28 on Thursday. Stewart Information Services Corp has a 52-week low of $36.80 and a 52-week high of $47.37. The company has a current ratio of 2.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $963.77 million, a PE ratio of 19.02 and a beta of 0.72.



Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Stewart Information Services had a net margin of 2.61% and a return on equity of 8.55%. The business had revenue of $507.64 million for the quarter. Equities analysts anticipate that Stewart Information Services Corp will post 2.48 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on STC. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.00 price target on shares of Stewart Information Services in a research note on Wednesday. Stephens reiterated a “hold” rating and set a $47.00 price target on shares of Stewart Information Services in a research note on Monday. Zacks Investment Research upgraded shares of Stewart Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Friday, July 20th.

Stewart Information Services 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.

Recommended Story: Liquidity

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)

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

Leave a Reply