Stewart Information Services (NYSE:STC) Price Target Cut to $61.00 by Analysts at Keefe, Bruyette & Woods

Stewart Information Services (NYSE:STC) had its price target cut by Keefe, Bruyette & Woods from $64.00 to $61.00 in a report published on Tuesday, Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

STC has been the subject of a number of other reports. BTIG Research upped their price target on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a buy rating in a report on Monday, April 29th. StockNews.com upgraded shares of Stewart Information Services from a hold rating to a buy rating in a report on Friday, June 21st. Finally, Stephens reaffirmed an overweight rating and issued a $79.00 price target on shares of Stewart Information Services in a report on Thursday, April 25th.

Stewart Information Services Price Performance

NYSE STC opened at $61.86 on Tuesday. The firm has a market capitalization of $1.71 billion, a PE ratio of 40.70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.95. Stewart Information Services has a 12 month low of $38.40 and a 12 month high of $66.66. The company’s 50 day simple moving average is $62.70 and its 200 day simple moving average is $61.42.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $554.32 million for the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. As a group, equities research analysts forecast that Stewart Information Services will post 4.24 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s payout ratio is 125.00%.

Institutional Investors Weigh In On Stewart Information Services

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Stewart Information Services during the 1st quarter worth approximately $111,000. Heritage Wealth Management LLC purchased a new position in shares of Stewart Information Services during the fourth quarter valued at $216,000. Truist Financial Corp acquired a new position in Stewart Information Services during the fourth quarter valued at $247,000. Capstone Investment Advisors LLC purchased a new stake in Stewart Information Services in the 1st quarter worth about $283,000. Finally, ARGA Investment Management LP acquired a new stake in Stewart Information Services during the 4th quarter worth about $293,000. 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.