Stewart Information Services Corporation (STC) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Stewart Information Services Corporation (NYSE:STC) by 83.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,385 shares of the insurance provider’s stock after acquiring an additional 121,959 shares during the period. American Century Companies Inc. owned about 1.13% of Stewart Information Services Corporation worth $10,096,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STC. BlackRock Inc. raised its stake in shares of Stewart Information Services Corporation by 53,457.8% during the first quarter. BlackRock Inc. now owns 2,908,725 shares of the insurance provider’s stock valued at $128,507,000 after acquiring an additional 2,903,294 shares during the last quarter. AJO LP bought a new position in shares of Stewart Information Services Corporation during the second quarter valued at about $7,817,000. FMR LLC raised its stake in shares of Stewart Information Services Corporation by 152.5% during the first quarter. FMR LLC now owns 194,378 shares of the insurance provider’s stock valued at $8,588,000 after acquiring an additional 117,397 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Stewart Information Services Corporation by 7.8% during the first quarter. Vanguard Group Inc. now owns 1,160,008 shares of the insurance provider’s stock valued at $51,250,000 after acquiring an additional 84,343 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Stewart Information Services Corporation by 1,429.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 81,540 shares of the insurance provider’s stock valued at $3,700,000 after acquiring an additional 76,210 shares during the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on STC. BidaskClub downgraded shares of Stewart Information Services Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Stewart Information Services Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods raised shares of Stewart Information Services Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, November 8th.

Stewart Information Services Corporation (STC) opened at $39.11 on Friday. Stewart Information Services Corporation has a 52-week low of $34.48 and a 52-week high of $48.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.00 and a current ratio of 3.00. The stock has a market cap of $929.41, a PE ratio of 18.99 and a beta of 0.88.

Stewart Information Services Corporation (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 consensus estimate of $0.71 by ($0.25). Stewart Information Services Corporation had a net margin of 2.57% and a return on equity of 7.37%. The company had revenue of $498.05 million for the quarter, compared to analysts’ expectations of $470.30 million. During the same quarter in the prior year, the firm earned $1.12 EPS. Stewart Information Services Corporation’s quarterly revenue was down 8.7% compared to the same quarter last year. research analysts forecast that Stewart Information Services Corporation will post 2.46 EPS for the current fiscal year.

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Stewart Information Services Corporation 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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