Stewart Information Services (STC) Rating Lowered to Hold at ValuEngine

Stewart Information Services (NYSE:STC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Stewart Information Services from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. Stephens restated a “hold” rating and set a $47.00 price objective on shares of Stewart Information Services in a report on Monday, October 29th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price objective on shares of Stewart Information Services in a report on Wednesday, October 31st.

STC traded down $0.37 during trading on Thursday, hitting $43.64. The stock had a trading volume of 80,600 shares, compared to its average volume of 166,417. The company has a market capitalization of $1.04 billion, a PE ratio of 20.11 and a beta of 0.72. Stewart Information Services has a 12 month low of $38.72 and a 12 month high of $47.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.65 and a quick ratio of 2.65.

Stewart Information Services (NYSE:STC) last announced its earnings results on Thursday, October 25th. The insurance provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $507.64 million for the quarter. Stewart Information Services had a net margin of 2.61% and a return on equity of 8.55%. Analysts anticipate that Stewart Information Services will post 2.56 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of Stewart Information Services by 37.9% during the 4th quarter. Meeder Asset Management Inc. now owns 21,748 shares of the insurance provider’s stock worth $900,000 after purchasing an additional 5,978 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Stewart Information Services by 3.1% during the 4th quarter. State of Alaska Department of Revenue now owns 11,105 shares of the insurance provider’s stock worth $459,000 after purchasing an additional 331 shares during the period. Vanguard Group Inc increased its holdings in shares of Stewart Information Services by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 1,376,152 shares of the insurance provider’s stock worth $61,941,000 after purchasing an additional 16,149 shares during the period. Vanguard Group Inc. increased its holdings in shares of Stewart Information Services by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,376,152 shares of the insurance provider’s stock worth $61,941,000 after purchasing an additional 16,149 shares during the period. Finally, Morgan Stanley increased its stake in Stewart Information Services by 1,038.9% in the third quarter. Morgan Stanley now owns 576,053 shares of the insurance provider’s stock valued at $25,929,000 after acquiring an additional 525,474 shares during the period. Institutional investors own 86.61% of the company’s stock.

About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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