Icon Advisers Inc. Co. Purchases 43,700 Shares of Stewart Information Services Corp (STC)
Icon Advisers Inc. Co. grew its position in shares of Stewart Information Services Corp (NYSE:STC) by 400.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 54,600 shares of the insurance provider’s stock after purchasing an additional 43,700 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Stewart Information Services were worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flinton Capital Management LLC lifted its position in shares of Stewart Information Services by 102.2% during the 2nd quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock valued at $118,000 after buying an additional 1,316 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Stewart Information Services by 38.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock valued at $207,000 after buying an additional 1,527 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Stewart Information Services during the 4th quarter valued at $208,000. Piedmont Investment Advisors LLC purchased a new position in shares of Stewart Information Services during the 2nd quarter valued at $232,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Stewart Information Services during the 4th quarter valued at $263,000. 86.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on STC shares. Zacks Investment Research cut Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price target on shares of Stewart Information Services in a research report on Friday, December 22nd.
Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Stewart Information Services had a return on equity of 7.42% and a net margin of 2.49%. The firm had revenue of $525.60 million for the quarter, compared to analysts’ expectations of $504.30 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. sell-side analysts forecast that Stewart Information Services Corp will post 3.44 earnings per share for the current fiscal year.
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Stewart Information Services Profile
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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