Bulldog Investors buys $52,441,280 stake in Stewart Information Services Corp (STC)

Stewart Information Services Corp (STC) : Bulldog Investors scooped up 300 additional shares in Stewart Information Services Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,130,200 shares of Stewart Information Services Corp which is valued at $52,441,280.Stewart Information Services Corp makes up approximately 13.25% of Bulldog Investors’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De sold out all of its stake in STC during the most recent quarter. The investment firm sold 44,055 shares of STC which is valued $2,044,152. Tower Research Capital (trc) added STC to its portfolio by purchasing 2,888 company shares during the most recent quarter which is valued at $134,003. Stewart Information Services Corp makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Victory Capital Management Inc boosted its stake in STC in the latest quarter, The investment management firm added 1,905 additional shares and now holds a total of 734,867 shares of Stewart Information Services Corp which is valued at $34,244,802. Stewart Information Services Corp makes up approx 0.13% of Victory Capital Management Inc’s portfolio.New York State Teachers Retirement System reduced its stake in STC by selling 100 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 66,658 shares of STC which is valued at $2,892,957. Stewart Information Services Corp makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Dalton Greiner Hartman Maher Co boosted its stake in STC in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 35,187 shares of Stewart Information Services Corp which is valued at $1,522,190. Stewart Information Services Corp makes up approx 0.09% of Dalton Greiner Hartman Maher Co’s portfolio.

Stewart Information Services Corp opened for trading at $46.68 and hit $47.2899 on the upside on Monday, eventually ending the session at $47.09, with a gain of 0.53% or 0.25 points. The heightened volatility saw the trading volume jump to 71,424 shares. Company has a market cap of $1,101 M.

On the company’s financial health, Stewart Information Services Corp reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.98. The company had revenue of $489.40 million for the quarter, compared to analysts expectations of $567.04 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Stewart Information Services Corp. Company shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $37 .

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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