Stewart Information Services (NYSE:STC) Price Target Lowered to $80.00 at BTIG Research

Stewart Information Services (NYSE:STC – Get Rating) had its price target dropped by analysts at BTIG Research from $89.00 to $80.00 in a report issued on Friday, The Fly reports. BTIG Research’s price objective would suggest a potential upside of 55.58% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. StockNews.com started coverage on shares of Stewart Information Services in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Stewart Information Services from a “hold” rating to a “strong-buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, March 8th.

Stewart Information Services stock opened at $51.42 on Friday. Stewart Information Services has a 52-week low of $49.18 and a 52-week high of $81.00. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 4.32 and a beta of 1.10. The company has a fifty day simple moving average of $61.11 and a 200-day simple moving average of $69.23. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.37.

Stewart Information Services (NYSE:STC – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The insurance provider reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.73. Stewart Information Services had a net margin of 9.78% and a return on equity of 25.96%. During the same period last year, the company earned $1.92 earnings per share. On average, research analysts anticipate that Stewart Information Services will post 8.89 EPS for the current fiscal year.

In related news, Director C Allen Bradley, Jr. purchased 1,000 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were bought at an average cost of $66.54 per share, for a total transaction of $66,540.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of STC. UMB Bank N A MO purchased a new stake in shares of Stewart Information Services during the 4th quarter worth $39,000. First Horizon Advisors Inc. boosted its position in shares of Stewart Information Services by 204.6% in the 4th quarter. First Horizon Advisors Inc. now owns 661 shares of the insurance provider’s stock worth $52,000 after buying an additional 444 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Stewart Information Services in the 4th quarter worth about $96,000. Heritage Wealth Management LLC boosted its position in shares of Stewart Information Services by 25.7% in the 3rd quarter. Heritage Wealth Management LLC now owns 1,767 shares of the insurance provider’s stock worth $112,000 after buying an additional 361 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Stewart Information Services by 16.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,798 shares of the insurance provider’s stock worth $143,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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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