Stewart Information Services Corp (STC) Stake Decreased by Bailard Inc.

Bailard Inc. reduced its stake in shares of Stewart Information Services Corp (NYSE:STC) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the insurance provider’s stock after selling 1,400 shares during the period. Bailard Inc.’s holdings in Stewart Information Services were worth $335,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in STC. State of Alaska Department of Revenue increased its position in Stewart Information Services by 3.1% during the 4th quarter. State of Alaska Department of Revenue now owns 11,105 shares of the insurance provider’s stock worth $459,000 after purchasing an additional 331 shares in the last quarter. Meeder Asset Management Inc. increased its position in Stewart Information Services by 81.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,770 shares of the insurance provider’s stock worth $709,000 after purchasing an additional 7,075 shares in the last quarter. MetLife Investment Advisors LLC increased its position in Stewart Information Services by 51.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 16,693 shares of the insurance provider’s stock worth $751,000 after purchasing an additional 5,700 shares in the last quarter. Stone Ridge Asset Management LLC increased its position in Stewart Information Services by 9.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 16,698 shares of the insurance provider’s stock worth $752,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Man Group plc increased its position in Stewart Information Services by 111.2% during the 3rd quarter. Man Group plc now owns 17,322 shares of the insurance provider’s stock worth $780,000 after purchasing an additional 9,119 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

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Shares of NYSE:STC opened at $42.52 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.65 and a quick ratio of 2.65. Stewart Information Services Corp has a 52-week low of $38.72 and a 52-week high of $45.75. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.57 and a beta of 0.75.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Thursday, February 14th. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.12). Stewart Information Services had a net margin of 2.61% and a return on equity of 8.55%. During the same quarter last year, the company posted $0.74 earnings per share. On average, analysts anticipate that Stewart Information Services Corp will post 2.56 EPS for the current fiscal year.

A number of analysts recently issued reports on STC shares. Stephens reissued a “hold” rating and set a $47.00 target price on shares of Stewart Information Services in a research report on Monday, October 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.00 target price on shares of Stewart Information Services in a research report on Wednesday, October 31st. Zacks Investment Research downgraded shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. Finally, ValuEngine downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th.

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About Stewart Information Services

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.

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