Stewart Information Services (NYSE:STC) Stock Rating Lowered by StockNews.com

Stewart Information Services (NYSE:STCGet Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, BTIG Research reduced their price target on shares of Stewart Information Services from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, July 8th.

Stewart Information Services Trading Up 1.6 %

Shares of STC opened at $54.65 on Thursday. Stewart Information Services has a 1-year low of $45.63 and a 1-year high of $81.00. The company has a 50-day moving average of $51.62 and a 200 day moving average of $59.20. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 4.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.28 and a quick ratio of 2.28.

Stewart Information Services (NYSE:STCGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.16 by $0.42. Stewart Information Services had a net margin of 9.42% and a return on equity of 24.84%. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $757.03 million. During the same quarter in the previous year, the business posted $3.17 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, research analysts expect that Stewart Information Services will post 8.05 EPS for the current year.

Insider Buying and Selling

In other news, insider Steven Mark Lessack acquired 3,000 shares of Stewart Information Services stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $55.20 per share, for a total transaction of $165,600.00. Following the purchase, the insider now directly owns 9,291 shares in the company, valued at approximately $512,863.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Frederick H. Eppinger bought 1,500 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were bought at an average price of $48.91 per share, with a total value of $73,365.00. Following the transaction, the chief executive officer now owns 94,762 shares in the company, valued at $4,634,809.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Mark Lessack bought 3,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $55.20 per share, for a total transaction of $165,600.00. Following the transaction, the insider now owns 9,291 shares in the company, valued at approximately $512,863.20. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Stewart Information Services

Several large investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in shares of Stewart Information Services in the 4th quarter valued at $1,195,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Stewart Information Services in the 4th quarter valued at $129,028,000. Marietta Wealth Management LLC purchased a new stake in shares of Stewart Information Services in the 4th quarter valued at $240,000. Yousif Capital Management LLC purchased a new stake in shares of Stewart Information Services in the 4th quarter valued at $1,943,000. Finally, CWM LLC purchased a new stake in shares of Stewart Information Services in the 4th quarter valued at $2,360,000. Hedge funds and other institutional investors own 92.23% 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.

See Also

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