Guardian Point Capital Lp buys $11,707,800 stake in Stewart Information Services Corp (STC)

Stewart Information Services Corp (STC) : Guardian Point Capital Lp scooped up 175,000 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 Nov 14, 2016. The investment management firm now holds a total of 260,000 shares of Stewart Information Services Corp which is valued at $11,707,800.Stewart Information Services Corp makes up approximately 8.27% of Guardian Point Capital Lp’s portfolio.

Other Hedge Funds, Including , 13d Management added STC to its portfolio by purchasing 160,306 company shares during the most recent quarter which is valued at $7,218,579. Stewart Information Services Corp makes up approx 3.00% of 13d Management’s portfolio. Bessemer Group Inc added STC to its portfolio by purchasing 32,800 company shares during the most recent quarter which is valued at $1,498,304. Stewart Information Services Corp makes up approx 0.01% of Bessemer Group Inc’s portfolio. Stevens Capital Management Lp added STC to its portfolio by purchasing 7,249 company shares during the most recent quarter which is valued at $320,043. Stewart Information Services Corp makes up approx 0.01% of Stevens Capital Management Lp’s portfolio.Cooke Bieler Lp reduced its stake in STC by selling 141,766 shares or 41.73% in the most recent quarter. The Hedge Fund company now holds 197,990 shares of STC which is valued at $8,945,188. Stewart Information Services Corp makes up approx 0.19% of Cooke Bieler Lp’s portfolio.

Stewart Information Services Corp opened for trading at $44.91 and hit $46.61 on the upside on Monday, eventually ending the session at $46.6, with a gain of 3.69% or 1.66 points. The heightened volatility saw the trading volume jump to 1,89,196 shares. Company has a market cap of $1,089 M.

On the company’s financial health, Stewart Information Services Corp reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.03. The company had revenue of $553.20 million for the quarter, compared to analysts expectations of $526.60 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 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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