Stewart Information Services (NYSE:STC – Get Free Report) had its price objective cut by research analysts at Stephens from $80.00 to $70.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Stephens‘s target price would suggest a potential upside of 59.06% from the company’s current price.
Several other equities research analysts have also issued reports on STC. Keefe, Bruyette & Woods lowered Stewart Information Services from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $77.00 to $71.00 in a research note on Monday, July 27th. Citizens Jmp decreased their price objective on Stewart Information Services from $80.00 to $75.00 and set a “market outperform” rating on the stock in a report on Monday, October 12th. Weiss Ratings downgraded Stewart Information Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Benchmark assumed coverage on Stewart Information Services in a research note on Tuesday, July 21st. They issued a “buy” rating and a $87.00 target price for the company. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.75.
Read Our Latest Stock Analysis on Stewart Information Services
Stewart Information Services Price Performance
STC stock opened at $44.01 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.98. Stewart Information Services has a one year low of $43.48 and a one year high of $78.61. The stock has a market cap of $1.34 billion, a PE ratio of 11.03 and a beta of 1.04. The firm has a 50 day simple moving average of $60.69 and a two-hundred day simple moving average of $65.01.
Stewart Information Services (NYSE:STC – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.17). Stewart Information Services had a return on equity of 9.39% and a net margin of 3.58%. The company had revenue of $900.70 million for the quarter, compared to the consensus estimate of $903.67 million. During the same period in the prior year, the firm posted $1.64 earnings per share. On average, analysts predict that Stewart Information Services will post 4.89 EPS for the current fiscal year.
Insider Activity
In other news, insider Brian Glaze sold 1,500 shares of Stewart Information Services stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $69.16, for a total value of $103,740.00. Following the transaction, the insider owned 11,784 shares in the company, valued at approximately $814,981.44. The trade was a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.94% of the company’s stock.
Hedge Funds Weigh In On Stewart Information Services
Several institutional investors and hedge funds have recently bought and sold shares of STC. BlackRock Inc. purchased a new position in Stewart Information Services in the 2nd quarter worth approximately $347,274,000. Bank of New York Mellon Corp bought a new stake in Stewart Information Services in the second quarter valued at approximately $17,759,000. Bank of America Corp DE lifted its position in Stewart Information Services by 1.2% in the first quarter. Bank of America Corp DE now owns 215,213 shares of the insurance provider’s stock valued at $13,253,000 after purchasing an additional 2,631 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Stewart Information Services by 10.0% during the first quarter. Principal Financial Group Inc. now owns 146,870 shares of the insurance provider’s stock valued at $9,044,000 after purchasing an additional 13,317 shares during the period. Finally, Heartland Advisors Inc. purchased a new stake in shares of Stewart Information Services during the second quarter valued at approximately $8,252,000. 96.90% of the stock is currently owned by institutional investors.
Stewart Information Services Company Profile
Stewart Information Services Corporation (NYSE: STC) is a global provider of title insurance and real estate transaction services. Through its Stewart Title operations, the company helps protect property owners, lenders and other participants from losses arising from defects in a property’s title.
The company offers title searches and examinations, title insurance policies, escrow and closing services, settlement services, and related solutions for residential and commercial real estate transactions.
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