Stewart Information Services Corp (NYSE:STC) Sees Large Decline in Short Interest

Stewart Information Services Corp (NYSE:STC) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 345,800 shares, a drop of 42.5% from the June 30th total of 601,300 shares. Based on an average daily volume of 134,400 shares, the short-interest ratio is currently 2.6 days. Currently, 1.5% of the shares of the company are sold short.

Separately, Zacks Investment Research cut Stewart Information Services from a “buy” rating to a “sell” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.33.

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Stewart Information Services by 1,658.8% during the first quarter. Quadrant Capital Group LLC now owns 598 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 564 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Stewart Information Services by 122.0% during the second quarter. Parallel Advisors LLC now owns 797 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 438 shares during the period. Bank of Montreal Can boosted its holdings in shares of Stewart Information Services by 482.0% during the second quarter. Bank of Montreal Can now owns 2,334 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 1,933 shares during the period. SG Americas Securities LLC bought a new stake in shares of Stewart Information Services during the first quarter worth approximately $127,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Stewart Information Services during the second quarter worth approximately $214,000. Institutional investors own 88.10% of the company’s stock.

Stewart Information Services stock traded down $1.10 during midday trading on Monday, reaching $35.99. 41,161 shares of the company’s stock were exchanged, compared to its average volume of 137,566. Stewart Information Services has a 52 week low of $36.23 and a 52 week high of $45.75. The company has a current ratio of 3.75, a quick ratio of 3.81 and a debt-to-equity ratio of 0.31. The company has a market cap of $901.55 million, a price-to-earnings ratio of 16.66 and a beta of 0.57. The firm has a 50-day moving average price of $38.95.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). Stewart Information Services had a return on equity of 6.87% and a net margin of 2.24%. The firm had revenue of $472.08 million for the quarter. On average, sell-side analysts expect that Stewart Information Services will post 2.47 earnings per share for the current year.

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.

Further Reading: Do Tariffs Work?

Receive News & Ratings for Stewart Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stewart Information Services and related companies with MarketBeat.com's FREE daily email newsletter.