Stewart Information Services Corporation (NYSE:STC) Lowered to "Sell" at BidaskClub

Paterniano Del Favero
Agosto 7, 2017

The institutional investor owned 15,995 shares of the insurance provider's stock at the end of the first quarter. NY's holdings in Stewart Information Services Corporation were worth $707,000 as of its most recent SEC filing.

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Stewart Information Services Corporation by 7.5% in the first quarter. Insiders own 2.20% of the company's stock. Dimensional Fund Advisors LP raised its position in shares of Stewart Information Services Corporation by 6.5% in the first quarter. Mason Street Advisors LLC raised its stake in shares of Stewart Information Services Corporation by 7.0% in the first quarter. Wells Fargo & Company MN now owns 639,730 shares of the insurance provider's stock worth $28,263,000 after buying an additional 91,777 shares in the last quarter. The value of the investment in Stewart Information Services Co increased from $112,000 to $179,000 a change of $67,000 quarter to quarter. State of Alaska Department of Revenue now owns 4,590 shares of the insurance provider's stock worth $201,000 after buying an additional 320 shares during the last quarter.

Trading volume for Stewart Information Services Co was 169K in the last trading session. The stock had a trading volume of 169,047 shares.

The company's P/E ratio is 14.27 and the market value is 945.84M. The value of the total investment in Stewart Information Services Co decreased from $0 to $0 a change of $0 for the reporting period.

The stock is trading at $39.84 slightly below $44.08, the stock's 50 day moving average and just below the 200 day moving average of $44.37.

Stewart Information Services Corporation (NYSE:STC) last announced its quarterly earnings results on Thursday, July 20th. As of quarter end Bank Of NEW York Mellon Corp had disposed of 1 shares trimming its position 100.0%. 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 analysts' expectations of $503.05 million. During the same quarter previous year, the business earned $0.49 EPS. Equities analysts expect that Stewart Information Services Corporation will post $2.43 EPS for the current fiscal year. Stewart Information Services Corporation earned a media sentiment score of 0.12 on Accern's scale. "NY" was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of worldwide trademark & copyright legislation. The original version of this article can be accessed at https://stocknewstimes.com/2017/08/05/parametric-portfolio-associates-llc-increases-position-in-stewart-information-services-corporation-nysestc-updated-updated.html.

STC has been the subject of a number of research analyst reports.

Separately, Keefe, Bruyette & Woods reaffirmed a sell rating and issued a $41.00 target price on shares of Stewart Information Services Corporation in a research report on Tuesday, May 30th. BidaskClub raised Stewart Information Services Corporation from a "hold" rating to a "buy" rating in a report on Tuesday, July 11th. On August 31 the company was rated "Sell" according to a Janney Capital report a cut from the previous " rating.

On February 12 FBR Capital made no change to the company rating of "Market Perform" and moved down the price target from $42.00 to $37.00.

In related news, insider Nicholas Galea sold 141,000 shares of the company's stock in a transaction that occurred on Tuesday, July 11th. Bank Of NEW York Mellon Corp controls 0 shares with a value of $0. In the last 90 days, insiders acquired 42,000 shares of company stock valued at $33,020.

The company is trading up by 2.47 percent from yesterday's close.

Stewart Information Services Corporation is a global real estate services company. The Company is involved in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Firm operates through two divisions: title insurance and ancillary services and corporate.

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