Kavi Asset Management Lp buys $14,679,780 stake in Stewart Information Services Corp (STC)

Stewart Information Services Corp (STC) : Kavi Asset Management Lp scooped up 106,000 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 326,000 shares of Stewart Information Services Corp which is valued at $14,679,780.Stewart Information Services Corp makes up approximately 14.74% of Kavi Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Sunbelt Securities boosted its stake in STC in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 5,813 shares of Stewart Information Services Corp which is valued at $261,759. Stewart Information Services Corp makes up approx 0.31% of Sunbelt Securities’s portfolio.Geode Capital Management boosted its stake in STC in the latest quarter, The investment management firm added 1,484 additional shares and now holds a total of 160,213 shares of Stewart Information Services Corp which is valued at $7,318,530.

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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