Stephens Reiterates “Overweight” Rating for Stewart Information Services (NYSE:STC)

Stewart Information Services (NYSE:STC)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $82.00 price target on the insurance provider’s stock. Stephens’ price target indicates a potential upside of 22.21% from the company’s previous close.

A number of other analysts have also recently weighed in on STC. Keefe, Bruyette & Woods lowered their price target on Stewart Information Services from $84.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com lowered shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

Stewart Information Services Stock Down 1.7 %

STC opened at $67.10 on Thursday. The company has a market capitalization of $1.86 billion, a P/E ratio of 31.65 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.94. The firm’s fifty day moving average price is $68.12 and its two-hundred day moving average price is $70.43. Stewart Information Services has a fifty-two week low of $56.16 and a fifty-two week high of $78.44.

Stewart Information Services (NYSE:STC) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. On average, analysts anticipate that Stewart Information Services will post 3.32 EPS for the current year.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the sale, the director now owns 65,330 shares in the company, valued at approximately $4,842,259.60. This trade represents a 16.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Stewart Information Services

Hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in Stewart Information Services by 149.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider’s stock worth $25,568,000 after buying an additional 204,688 shares in the last quarter. State Street Corp boosted its holdings in Stewart Information Services by 16.8% in the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider’s stock valued at $93,258,000 after acquiring an additional 179,364 shares during the last quarter. Emerald Advisers LLC acquired a new stake in Stewart Information Services in the third quarter worth about $5,330,000. Victory Capital Management Inc. raised its holdings in Stewart Information Services by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock worth $73,669,000 after purchasing an additional 65,965 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Stewart Information Services during the 4th quarter valued at about $4,034,000. 96.90% of the stock is owned by institutional investors.

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.