Bessemer Group Inc. increased its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 5.3% during the second quarter, Holdings Channel reports. The fund owned 38,000 shares of the insurance provider’s stock after buying an additional 1,900 shares during the period. Bessemer Group Inc.’s holdings in Stewart Information Services Corporation were worth $1,724,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in STC. SG Americas Securities LLC bought a new position in Stewart Information Services Corporation during the first quarter valued at approximately $112,000. Salem Investment Counselors Inc. boosted its position in Stewart Information Services Corporation by 4,691.7% in the first quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the insurance provider’s stock valued at $113,000 after buying an additional 2,252 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Stewart Information Services Corporation by 7.5% in the first quarter. State of Alaska Department of Revenue now owns 4,590 shares of the insurance provider’s stock valued at $201,000 after buying an additional 320 shares during the last quarter. Mason Street Advisors LLC boosted its position in Stewart Information Services Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock valued at $241,000 after buying an additional 358 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Stewart Information Services Corporation during the second quarter valued at approximately $246,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Corporation (NYSE:STC) opened at 37.59 on Friday. Stewart Information Services Corporation has a 1-year low of $37.40 and a 1-year high of $48.60. The firm has a market cap of $892.42 million, a PE ratio of 13.47 and a beta of 0.77. The firm’s 50-day moving average is $42.68 and its 200 day moving average is $44.09.

Stewart Information Services Corporation (NYSE:STC) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.24. Stewart Information Services Corporation had a net margin of 3.27% and a return on equity of 9.77%. The business had revenue of $485.50 million during the quarter, compared to the consensus estimate of $503.05 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts forecast that Stewart Information Services Corporation will post $2.43 earnings per share for the current fiscal year.

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Several research firms have commented on STC. Keefe, Bruyette & Woods reissued a “sell” rating and set a $41.00 target price on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. BidaskClub raised shares of Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Stewart Information Services Corporation has an average rating of “Sell” and an average price target of $46.00.

In related news, insider Nicholas Galea sold 141,000 shares of Stewart Information Services Corporation stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $0.48, for a total value of $67,680.00. Insiders purchased 42,000 shares of company stock valued at $33,020 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Stewart Information Services Corporation Company 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.

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

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