Vivaldi Asset Management adds Stewart Information Services Corp (STC) to its portfolio

Stewart Information Services Corp (STC) : Vivaldi Asset Management added new position in Stewart Information Services Corp during the most recent quarter end. The investment management firm now holds 40,539 shares of Stewart Information Services Corp which is valued at $1,889,117 , the company said in a statement filed on Aug 9, 2016 with the SEC.Stewart Information Services Corp makes up approximately 1.01% of Vivaldi Asset Management’s portfolio.

Other Hedge Funds, Including , Secor Capital Advisors Lp sold out all of its stake in STC during the most recent quarter. The investment firm sold 43,882 shares of STC which is valued $2,044,901.Boston Partners boosted its stake in STC in the latest quarter, The investment management firm added 5,713 additional shares and now holds a total of 244,844 shares of Stewart Information Services Corp which is valued at $10,944,527. Stewart Information Services Corp makes up approx 0.02% of Boston Partners’s portfolio.Lombardia Capital Partners reduced its stake in STC by selling 48,345 shares or 11.09% in the most recent quarter. The Hedge Fund company now holds 387,393 shares of STC which is valued at $17,316,467. Stewart Information Services Corp makes up approx 1.27% of Lombardia Capital Partners’s portfolio.California Public Employees Retirement System reduced its stake in STC by selling 15,500 shares or 43.66% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of STC which is valued at $888,600.Ls Investment Advisors boosted its stake in STC in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 842 shares of Stewart Information Services Corp which is valued at $36,543.

Stewart Information Services Corp closed down -0.48 points or -1.04% at $45.51 with 2,40,309 shares getting traded on Wednesday. Post opening the session at $45.77, the shares hit an intraday low of $45.25 and an intraday high of $46.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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