Stewart Information Services (NYSE:STC) Given New $89.00 Price Target at BTIG Research

Stewart Information Services (NYSE:STCGet Rating) had its price target decreased by investment analysts at BTIG Research from $99.00 to $89.00 in a note issued to investors on Tuesday, The Fly reports. BTIG Research’s target price suggests a potential upside of 66.95% from the company’s current price.

A number of other brokerages also recently commented on STC. Zacks Investment Research upgraded Stewart Information Services from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research note on Tuesday, March 8th. StockNews.com initiated coverage on Stewart Information Services in a report on Thursday, March 31st. They set a “buy” rating on the stock.

Shares of STC stock opened at $53.31 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.18 and a current ratio of 2.18. The company has a 50 day moving average of $65.44. Stewart Information Services has a 52 week low of $52.43 and a 52 week high of $81.00. The firm has a market capitalization of $1.43 billion, a P/E ratio of 4.48 and a beta of 1.10.

Stewart Information Services (NYSE:STCGet Rating) last issued its earnings results on Wednesday, February 9th. The insurance provider reported $2.94 EPS for the quarter. Stewart Information Services had a return on equity of 25.96% and a net margin of 9.78%. The company had revenue of $961.67 million during the quarter. During the same quarter in the previous year, the firm earned $2.09 earnings per share. As a group, analysts anticipate that Stewart Information Services will post 8.89 earnings per share for the current fiscal year.

In other Stewart Information Services news, Director C Allen Bradley, Jr. purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were purchased at an average price of $66.54 per share, for a total transaction of $66,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at $129,028,000. Lord Abbett & CO. LLC raised its holdings in shares of Stewart Information Services by 3.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 998,719 shares of the insurance provider’s stock worth $63,179,000 after buying an additional 30,504 shares in the last quarter. State Street Corp lifted its holdings in Stewart Information Services by 1.1% during the 4th quarter. State Street Corp now owns 959,117 shares of the insurance provider’s stock valued at $76,470,000 after purchasing an additional 10,772 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Stewart Information Services by 9.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 837,243 shares of the insurance provider’s stock valued at $66,753,000 after acquiring an additional 70,128 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Stewart Information Services by 5.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 610,962 shares of the insurance provider’s stock worth $48,712,000 after purchasing an additional 31,751 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Stewart Information Services Company Profile (Get Rating)

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates in two segments, Title, and Ancillary Services and Corporate. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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