Trade Report: The BNP Paribas Arbitrage SA Sold shares of Stewart Information Services Corp. (STC)

The BNP Paribas Arbitrage SA Sold shares of Stewart Information Services Corp. (STC)

BNP Paribas Arbitrage SA lowered its position in Stewart Information Services Corp. (NYSE:STC) by 58.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,049 shares of the company’s stock after selling 4,319 shares during the period. BNP Paribas Arbitrage SA’s holdings in Stewart Information Services Corp. were worth $136,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LSV Asset Management purchased a new stake in Stewart Information Services Corp. during the second quarter worth approximately $111,000. Public Employees Retirement System of Ohio boosted its stake in Stewart Information Services Corp. by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,691 shares of the company’s stock worth $111,000 after buying an additional 206 shares during the period. Teacher Retirement System of Texas raised its position in Stewart Information Services Corp. by 18.4% in the second quarter. Teacher Retirement System of Texas now owns 2,885 shares of the company’s stock worth $119,000 after buying an additional 449 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Stewart Information Services Corp. during the second quarter worth about $120,000. Finally, PineBridge Investments L.P. raised its position in Stewart Information Services Corp. by 11.1% in the second quarter. PineBridge Investments L.P. now owns 2,962 shares of the company’s stock worth $123,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Shares of Stewart Information Services Corp. (NYSE:STC) opened at 45.42 on Thursday. Stewart Information Services Corp. has a one year low of $30.34 and a one year high of $48.60. The firm has a 50-day moving average price of $45.45 and a 200-day moving average price of $40.87. The stock’s market cap is $1.06 billion.

Stewart Information Services Corp. (NYSE:STC) last issued its earnings results on Thursday, July 21st. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $489.40 million for the quarter, compared to analyst estimates of $569.04 million. Stewart Information Services Corp. had a net margin of 0.08% and a return on equity of 8.01%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. Analysts anticipate that Stewart Information Services Corp. will post $2.40 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.30 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. Stewart Information Services Corp.’s dividend payout ratio (DPR) is presently -260.87%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Stewart Information Services Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. Janney Montgomery Scott lowered Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a report on Wednesday, August 31st. FBR & Co raised their price target on Stewart Information Services Corp. from $37.00 to $46.00 and gave the stock a “mkt perform” rating in a report on Friday, July 22nd. TheStreet raised Stewart Information Services Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Finally, Langen Mcalenn lowered Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.05.

About Stewart Information Services Corp.

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 three segments: title insurance and related services, mortgage services and corporate.

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