Stewart Information Services (NYSE:STC) Rating Reiterated by Stephens

Stewart Information Services (NYSE:STC)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a report issued on Thursday, Benzinga reports. They currently have a $79.00 price target on the insurance provider’s stock. Stephens’ price target indicates a potential upside of 26.77% from the company’s current price.

Separately, Keefe, Bruyette & Woods raised their target price on Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Stewart Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.33.

Stewart Information Services Stock Up 1.1 %

Shares of NYSE STC opened at $62.32 on Thursday. The company’s 50 day moving average price is $61.81 and its 200-day moving average price is $55.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.11 and a current ratio of 2.11. Stewart Information Services has a 52-week low of $36.81 and a 52-week high of $65.35. The company has a market capitalization of $1.71 billion, a P/E ratio of 41.00 and a beta of 1.16.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.68%. The business had revenue of $554.32 million for the quarter. Equities analysts forecast that Stewart Information Services will post 4.5 earnings per share for the current year.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total value of $757,320.00. Following the transaction, the director now owns 76,867 shares in the company, valued at $4,851,076.37. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stewart Information Services

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Stewart Information Services during the third quarter worth $236,000. Handelsbanken Fonder AB bought a new position in Stewart Information Services in the 3rd quarter valued at about $206,000. Azarias Capital Management L.P. increased its holdings in Stewart Information Services by 107.8% during the 3rd quarter. Azarias Capital Management L.P. now owns 160,856 shares of the insurance provider’s stock worth $7,045,000 after purchasing an additional 83,452 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Stewart Information Services by 6.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider’s stock worth $645,000 after purchasing an additional 860 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Stewart Information Services by 215.1% in the third quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 4,550 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

About Stewart Information Services

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.