Icon Advisers Inc. Co. reduced its stake in shares of Stewart Information Services Corporation (NYSE:STC) by 47.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,900 shares of the insurance provider’s stock after selling 9,900 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Stewart Information Services were worth $412,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in STC. Flinton Capital Management LLC increased its holdings in Stewart Information Services by 102.2% in the 2nd quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock valued at $118,000 after buying an additional 1,316 shares during the period. SG Americas Securities LLC increased its holdings in Stewart Information Services by 56.3% in the 2nd quarter. SG Americas Securities LLC now owns 3,952 shares of the insurance provider’s stock valued at $179,000 after buying an additional 1,423 shares during the period. LMR Partners LLP bought a new stake in Stewart Information Services in the 2nd quarter valued at $228,000. Piedmont Investment Advisors LLC bought a new stake in Stewart Information Services in the 2nd quarter valued at $232,000. Finally, Aperio Group LLC bought a new stake in Stewart Information Services in the 2nd quarter valued at $254,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Shares of Stewart Information Services Corporation (NYSE:STC) traded up $0.16 during trading on Friday, reaching $39.30. 44,733 shares of the company’s stock traded hands, compared to its average volume of 134,828. The company has a market cap of $933.93, a price-to-earnings ratio of 19.08 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.00 and a quick ratio of 3.00. Stewart Information Services Corporation has a 12-month low of $34.48 and a 12-month high of $48.17.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.25). Stewart Information Services had a net margin of 2.57% and a return on equity of 7.37%. The business had revenue of $498.05 million during the quarter, compared to the consensus estimate of $470.30 million. During the same period last year, the firm earned $1.12 EPS. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. sell-side analysts forecast that Stewart Information Services Corporation will post 2.46 EPS for the current year.

Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Stewart Information Services from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Keefe, Bruyette & Woods raised shares of Stewart Information Services from an “underperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Stewart Information Services from a “hold” rating to a “sell” rating in a report on Saturday, November 18th.

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About Stewart Information Services

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 (NYSE:STC)

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