Ajo LP acquired a new stake in Stewart Information Services Corporation (NYSE:STC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 172,251 shares of the insurance provider’s stock, valued at approximately $7,817,000. Ajo LP owned 0.73% of Stewart Information Services Corporation at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in STC. SG Americas Securities LLC bought a new stake in shares of Stewart Information Services Corporation in the 1st quarter valued at approximately $112,000. Salem Investment Counselors Inc. grew its stake in shares of Stewart Information Services Corporation by 4,691.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 2,252 shares during the period. LMR Partners LLP bought a new stake in shares of Stewart Information Services Corporation in the 2nd quarter valued at approximately $228,000. Mason Street Advisors LLC grew its stake in shares of Stewart Information Services Corporation by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 358 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Stewart Information Services Corporation in the 2nd quarter valued at approximately $246,000. Institutional investors own 91.16% of the company’s stock.

Several equities research analysts have recently weighed in on STC shares. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $41.00 price objective on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. BidaskClub upgraded Stewart Information Services Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th.

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In other news, insider Nicholas Galea sold 141,000 shares of Stewart Information Services Corporation stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $0.48, for a total value of $67,680.00. Over the last quarter, insiders bought 42,000 shares of company stock valued at $33,020. 2.20% of the stock is owned by company insiders.

Shares of Stewart Information Services Corporation (NYSE:STC) opened at 36.01 on Friday. The company has a market capitalization of $854.91 million, a price-to-earnings ratio of 12.90 and a beta of 0.76. Stewart Information Services Corporation has a 1-year low of $34.48 and a 1-year high of $48.17. The stock has a 50 day moving average price of $37.25 and a 200 day moving average price of $42.77.

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 for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $503.05 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that Stewart Information Services Corporation will post $2.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.33%. Stewart Information Services Corporation’s payout ratio is 43.01%.

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.

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

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