Stewart Information Services Corp. (NYSE:STC) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 951,987 shares, a growth of 68.7% from the October 14th total of 564,254 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 261,194 shares, the days-to-cover ratio is currently 3.6 days.

In other Stewart Information Services Corp. news, insider John L. Killea sold 5,000 shares of the stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $44.95, for a total transaction of $224,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arnaud Ajdler sold 157,046 shares of the stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $45.10, for a total transaction of $7,082,774.60. Following the transaction, the director now owns 5,311 shares of the company’s stock, valued at approximately $239,526.10. The disclosure for this sale can be found here. Company insiders own 4.41% of the company’s stock.

Large investors have recently modified their holdings of the company. Kavi Asset Management LP acquired a new stake in shares of Stewart Information Services Corp. during the second quarter worth about $9,110,000. Renaissance Technologies LLC boosted its stake in shares of Stewart Information Services Corp. by 50.0% in the first quarter. Renaissance Technologies LLC now owns 473,800 shares of the company’s stock worth $17,189,000 after buying an additional 158,000 shares in the last quarter. Kerrisdale Advisers LLC boosted its stake in shares of Stewart Information Services Corp. by 165.8% in the second quarter. Kerrisdale Advisers LLC now owns 228,270 shares of the company’s stock worth $9,452,000 after buying an additional 142,387 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Stewart Information Services Corp. by 6.5% in the first quarter. BlackRock Fund Advisors now owns 1,459,218 shares of the company’s stock worth $52,940,000 after buying an additional 89,446 shares in the last quarter. Finally, Three Corner Global Investors LP boosted its stake in shares of Stewart Information Services Corp. by 23.8% in the second quarter. Three Corner Global Investors LP now owns 423,500 shares of the company’s stock worth $17,537,000 after buying an additional 81,300 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

A number of equities analysts have recently commented on STC shares. Zacks Investment Research upgraded shares of Stewart Information Services Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Janney Montgomery Scott lowered shares of Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 31st. Langen Mcalenn lowered shares of Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 31st. Finally, FBR & Co raised their price objective on shares of Stewart Information Services Corp. from $37.00 to $46.00 and gave the company a “mkt perform” rating in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.56.

Shares of Stewart Information Services Corp. (NYSE:STC) opened at 44.79 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 35.98 and a beta of 0.94. Stewart Information Services Corp. has a 52 week low of $30.34 and a 52 week high of $48.60. The company has a 50-day moving average of $44.89 and a 200-day moving average of $42.45.

Stewart Information Services Corp. (NYSE:STC) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.08. The firm earned $553.20 million during the quarter, compared to analysts’ expectations of $534.08 million. Stewart Information Services Corp. had a net margin of 2.09% and a return on equity of 7.82%. Stewart Information Services Corp.’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. On average, analysts anticipate that Stewart Information Services Corp. will post $2.37 EPS for the current year.

About Stewart Information Services Corp.

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 three segments: title insurance and related services, mortgage services and corporate.

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