Russell Investments Group Ltd. Has $706,000 Stake in Stewart Information Services Corporation (STC)

Russell Investments Group Ltd. trimmed its stake in Stewart Information Services Corporation (NYSE:STC) by 22.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,548 shares of the insurance provider’s stock after selling 4,473 shares during the period. Russell Investments Group Ltd. owned 0.07% of Stewart Information Services Corporation worth $706,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Stewart Information Services Corporation in the 1st quarter worth $112,000. Salem Investment Counselors Inc. increased its stake in shares of Stewart Information Services Corporation by 4,691.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 2,252 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Stewart Information Services Corporation by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 358 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Stewart Information Services Corporation in the 2nd quarter worth $246,000. Finally, Aperio Group LLC purchased a new stake in shares of Stewart Information Services Corporation in the 2nd quarter worth $254,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

A number of equities research analysts have issued reports on the company. BidaskClub lowered Stewart Information Services Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $41.00 price target on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th.

In other Stewart Information Services Corporation news, insider Nicholas Galea sold 141,000 shares of Stewart Information Services Corporation stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $0.48, for a total value of $67,680.00. Insiders acquired 42,000 shares of company stock valued at $33,020 in the last ninety days. 2.20% of the stock is owned by corporate insiders.

Shares of Stewart Information Services Corporation (NYSE:STC) traded up 1.58% during midday trading on Friday, reaching $36.56. The company’s stock had a trading volume of 264,348 shares. The firm has a market capitalization of $867.97 million, a P/E ratio of 13.10 and a beta of 0.76. Stewart Information Services Corporation has a 12-month low of $34.48 and a 12-month high of $48.17. The stock has a 50-day moving average of $37.15 and a 200 day moving average of $42.72.

Stewart Information Services Corporation (NYSE:STC) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.24). Stewart Information Services Corporation had a net margin of 3.27% and a return on equity of 9.77%. The firm had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $503.05 million. During the same period in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts predict that Stewart Information Services Corporation will post $2.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. Stewart Information Services Corporation’s payout ratio is 43.01%.

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About Stewart Information Services Corporation

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.

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

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