Stewart Information Services (NYSE:STC) PT Raised to $75.00 at Keefe, Bruyette & Woods

Stewart Information Services (NYSE:STC) had its price target upped by investment analysts at Keefe, Bruyette & Woods from $71.00 to $75.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 2.19% from the stock’s current price.

Several other brokerages also recently weighed in on STC. StockNews.com downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Stephens reiterated an “overweight” rating and issued a $79.00 target price on shares of Stewart Information Services in a research note on Thursday, July 25th. Finally, BTIG Research raised their price target on Stewart Information Services from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd.

Stewart Information Services Stock Down 0.4 %

Shares of NYSE:STC opened at $73.39 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.02 billion, a P/E ratio of 48.28 and a beta of 1.20. Stewart Information Services has a 52-week low of $38.40 and a 52-week high of $75.51. The stock’s fifty day simple moving average is $69.44 and its 200-day simple moving average is $64.75.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, July 24th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). The firm had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $597.00 million. Stewart Information Services had a net margin of 1.85% and a return on equity of 5.16%. Stewart Information Services’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. As a group, equities research analysts forecast that Stewart Information Services will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stewart Information Services news, CFO David C. Hisey sold 12,649 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $69.27, for a total transaction of $876,196.23. Following the completion of the sale, the chief financial officer now directly owns 55,917 shares in the company, valued at $3,873,370.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Stewart Information Services

Several institutional investors have recently bought and sold shares of STC. Millennium Management LLC lifted its holdings in shares of Stewart Information Services by 906.9% during the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after acquiring an additional 590,977 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Stewart Information Services in the second quarter worth about $8,530,000. Confluence Investment Management LLC acquired a new stake in shares of Stewart Information Services in the first quarter valued at about $4,917,000. DAVENPORT & Co LLC grew its stake in shares of Stewart Information Services by 10.5% in the first quarter. DAVENPORT & Co LLC now owns 780,128 shares of the insurance provider’s stock valued at $50,755,000 after buying an additional 74,351 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Stewart Information Services by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock valued at $112,963,000 after buying an additional 59,639 shares during the period. 96.90% of the stock is currently owned by hedge funds and other 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.