IndexIQ Advisors LLC Purchases 23,514 Shares of Stewart Information Services Corp (STC)

IndexIQ Advisors LLC lifted its position in Stewart Information Services Corp (NYSE:STC) by 28.5% in the 1st quarter, HoldingsChannel reports. The fund owned 106,036 shares of the insurance provider’s stock after buying an additional 23,514 shares during the period. IndexIQ Advisors LLC’s holdings in Stewart Information Services were worth $4,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STC. Quadrant Capital Group LLC raised its holdings in Stewart Information Services by 1,658.8% in the first quarter. Quadrant Capital Group LLC now owns 598 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 564 shares in the last quarter. SG Americas Securities LLC bought a new position in Stewart Information Services in the first quarter worth about $127,000. Aptus Capital Advisors LLC bought a new position in Stewart Information Services in the fourth quarter worth about $250,000. Hsbc Holdings PLC raised its holdings in Stewart Information Services by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 6,448 shares of the insurance provider’s stock worth $267,000 after purchasing an additional 279 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Stewart Information Services in the fourth quarter worth about $284,000. Hedge funds and other institutional investors own 87.29% of the company’s stock.

In other news, insider Steven Mark Lessack sold 1,093 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $42.77, for a total transaction of $46,747.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.29% of the stock is currently owned by insiders.

A number of equities analysts have commented on STC shares. ValuEngine downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Zacks Investment Research downgraded shares of Stewart Information Services from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Finally, Cormark reiterated an “average” rating on shares of Stewart Information Services in a report on Friday, February 15th. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $46.67.

Shares of Stewart Information Services stock opened at $42.50 on Wednesday. The stock has a market capitalization of $993.74 million, a price-to-earnings ratio of 19.68 and a beta of 0.64. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.32. Stewart Information Services Corp has a one year low of $39.47 and a one year high of $45.75.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). Stewart Information Services had a return on equity of 7.41% and a net margin of 2.38%. The business had revenue of $398.52 million for the quarter. On average, sell-side analysts anticipate that Stewart Information Services Corp will post 3.03 EPS for the current year.

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About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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Want to see what other hedge funds are holding STC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stewart Information Services Corp (NYSE:STC).

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

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