Bulldog Investors Lowers stake in Stewart Information Services Corp (STC)

Stewart Information Services Corp (STC) : Bulldog Investors reduced its stake in Stewart Information Services Corp by 0.49% during the most recent quarter end. The investment management company now holds a total of 1,129,900 shares of Stewart Information Services Corp which is valued at $41.1 Million after selling 5,599 shares in Stewart Information Services Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Stewart Information Services Corp makes up approximately 9.91% of Bulldog Investors’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in STC during the most recent quarter. The investment firm sold 18,022 shares of STC which is valued $655,460.Thrivent Financial For Lutherans boosted its stake in STC in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 10,260 shares of Stewart Information Services Corp which is valued at $373,156.Blackrock Institutional Trust Company N.a. reduced its stake in STC by selling 199 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 593,324 shares of STC which is valued at $21.6 Million.

Stewart Information Services Corp opened for trading at $37.45 and hit $37.87 on the upside on Wednesday, eventually ending the session at $37.53, with a gain of 0.56% or 0.21 points. The heightened volatility saw the trading volume jump to 2,03,456 shares. Company has a market cap of $876 M.

On the company’s financial health, Stewart Information Services Corp reported $-0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.20. The company had revenue of $438.20 million for the quarter, compared to analysts expectations of $416.48 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Stewart Information Services Corporation is a title insurance and real estate services company. The Company offers its products and services through its direct operations network of approved agencies and other companies within the Stewart family of companies. It also provides loan origination and servicing support; loan review services; loss mitigation; Real estate owned (REO) asset management; collateral valuations; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges and technology to streamline the real estate process. The Company operates through three segments: title insurance and related services mortgage services and corporate. The Company’s customers include homebuyers and sellers residential and commercial real estate professionals mortgage lenders and servicers title agencies and real estate attorneys home builders and the United States and county governments.

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