Stewart Information Services (NYSE:STC) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Stewart Information Services (NYSE:STC) from a hold rating to a buy rating in a research note published on Friday.

STC has been the subject of a number of other reports. BTIG Research lifted their price objective on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a buy rating in a research note on Monday, April 29th. Stephens reissued an overweight rating and issued a $79.00 price target on shares of Stewart Information Services in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a market perform rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $69.33.

Stewart Information Services Stock Down 0.8 %

Stewart Information Services stock opened at $61.50 on Friday. Stewart Information Services has a 1-year low of $38.40 and a 1-year high of $66.66. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 40.46 and a beta of 1.18. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $62.55 and a 200 day simple moving average of $60.98.

Stewart Information Services (NYSE:STC) last released its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. The business had revenue of $554.32 million during the quarter. On average, analysts predict that Stewart Information Services will post 4.24 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, June 17th. Stewart Information Services’s payout ratio is 125.00%.

Institutional Trading of Stewart Information Services

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Stewart Information Services during the 1st quarter worth $111,000. Heritage Wealth Management LLC bought a new stake in shares of Stewart Information Services during the 4th quarter worth $216,000. Truist Financial Corp bought a new stake in shares of Stewart Information Services during the 4th quarter worth $247,000. Capstone Investment Advisors LLC bought a new stake in shares of Stewart Information Services during the 1st quarter worth $283,000. Finally, ARGA Investment Management LP bought a new stake in shares of Stewart Information Services during the 4th quarter worth $293,000. 96.90% of the stock is owned by institutional investors.

About Stewart Information Services

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.