Highbridge Capital Management LLC Takes Position in Stewart Information Services Corporation (STC)

Highbridge Capital Management LLC acquired a new position in Stewart Information Services Corporation (NYSE:STC) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,637 shares of the insurance provider’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Stewart Information Services by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,966,472 shares of the insurance provider’s stock worth $74,254,000 after acquiring an additional 26,682 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Stewart Information Services by 2.3% during the second quarter. Vanguard Group Inc. now owns 1,186,497 shares of the insurance provider’s stock valued at $53,844,000 after buying an additional 26,489 shares in the last quarter. Wells Fargo & Company MN grew its stake in Stewart Information Services by 13.6% in the third quarter. Wells Fargo & Company MN now owns 763,468 shares of the insurance provider’s stock valued at $28,829,000 after purchasing an additional 91,643 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Stewart Information Services by 33.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 616,724 shares of the insurance provider’s stock valued at $23,288,000 after purchasing an additional 155,770 shares in the last quarter. Finally, State Street Corp grew its stake in Stewart Information Services by 5.7% in the second quarter. State Street Corp now owns 590,383 shares of the insurance provider’s stock valued at $26,789,000 after purchasing an additional 31,896 shares in the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.

A number of brokerages have weighed in on STC. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $38.00 price target on shares of Stewart Information Services in a research report on Thursday, October 12th. Zacks Investment Research cut Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th.

Stewart Information Services Corporation (STC) traded up $0.48 during trading on Thursday, reaching $45.54. The company’s stock had a trading volume of 160,644 shares, compared to its average volume of 188,730. 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 firm has a market cap of $1,070.00, a PE ratio of 21.28 and a beta of 0.91. Stewart Information Services Corporation has a 12-month low of $34.48 and a 12-month high of $48.03.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported $0.46 earnings per share for the quarter, missing the 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 company had revenue of $498.05 million during the quarter, compared to the consensus estimate of $470.30 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. sell-side analysts expect that Stewart Information Services Corporation will post 2.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Stewart Information Services’s dividend payout ratio (DPR) is presently 56.07%.

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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.

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

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