Stewart Information Services (NYSE:STC) PT Raised to $75.00

Stewart Information Services (NYSE:STC) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $71.00 to $75.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 2.19% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. BTIG Research lifted their price target on Stewart Information Services from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Stephens restated an “overweight” rating and set a $79.00 price objective on shares of Stewart Information Services in a research note on Thursday, July 25th.

Stewart Information Services Stock Down 0.4 %

Shares of NYSE STC opened at $73.39 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.97 and a current ratio of 1.97. Stewart Information Services has a 1 year low of $38.40 and a 1 year high of $75.51. The stock’s 50-day simple moving average is $69.44 and its 200-day simple moving average is $64.75. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 48.28 and a beta of 1.20.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.13). The business had revenue of $602.20 million for the quarter, compared to analysts’ expectations of $597.00 million. Stewart Information Services had a return on equity of 5.16% and a net margin of 1.85%. Stewart Information Services’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, equities analysts anticipate that Stewart Information Services will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stewart Information Services news, CFO David C. Hisey sold 12,649 shares of Stewart Information Services stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $69.27, for a total value of $876,196.23. Following the completion of the transaction, the chief financial officer now directly owns 55,917 shares in the company, valued at $3,873,370.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stewart Information Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its position in Stewart Information Services by 906.9% in the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after purchasing an additional 590,977 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Stewart Information Services during the second quarter valued at approximately $8,530,000. Confluence Investment Management LLC acquired a new position in shares of Stewart Information Services during the first quarter worth approximately $4,917,000. DAVENPORT & Co LLC grew its holdings in Stewart Information Services by 10.5% in the 1st quarter. DAVENPORT & Co LLC now owns 780,128 shares of the insurance provider’s stock worth $50,755,000 after buying an additional 74,351 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Stewart Information Services by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock valued at $112,963,000 after acquiring an additional 59,639 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.