Is Stewart Information Services Corp (STC) A Good Stock To Buy?

As industrywide interest jumped, key hedge funds have jumped into Stewart Information Services Corp (NYSE:STC) headfirst. Starboard Value LP created the biggest position in Stewart Information Services Corp (NYSE:STC).Ric hard Barrera’s Roystone Capital Partners also made a $11.1 million investment in the stock during the quarter. The other funds with brand new STC positions are Michael Kaine’s Numina Capital, Israel Englander’s Millennium Management, and Kenneth Squire’s 13D Management.

Let’s now review hedge fund activity in other stocks similar to Stewart Information Services Corp (NYSE:STC). These stocks are National CineMedia, Inc. (NASDAQ:NCMI), AVG Technologies NV (NYSE:AVG), SAGE Therapeutics Inc (NASDAQ:SAGE), and EnPro Industries, Inc. (NYSE:NPO). This group of stocks’ market values match STC’s market value.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $156 million. That figure was $309 million in STC’s case. SAGE Therapeutics Inc (NASDAQ:SAGE) is the most popular stock in this table. On the other hand National CineMedia, Inc. (NASDAQ:NCMI) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Stewart Information Services Corp (NYSE:STC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None