Stewart Information Services (NYSE:STC) PT Raised to $70.00 at BTIG Research

Stewart Information Services (NYSE:STC) had its price objective lifted by BTIG Research from $68.00 to $70.00 in a research note published on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the insurance provider’s stock.

STC has been the subject of several other research reports. Stephens reissued an overweight rating and set a $79.00 price objective on shares of Stewart Information Services in a research report on Thursday, April 25th. Keefe, Bruyette & Woods raised their price target on Stewart Information Services from $57.00 to $59.00 and gave the company a market perform rating in a report 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $69.33.

Stewart Information Services Stock Performance

Shares of Stewart Information Services stock opened at $63.06 on Monday. The company has a current ratio of 1.95, a quick ratio of 2.11 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.73 billion, a P/E ratio of 41.49 and a beta of 1.16. The business has a fifty day simple moving average of $61.83 and a two-hundred day simple moving average of $56.12. Stewart Information Services has a 12 month low of $38.40 and a 12 month high of $65.35.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. The business had revenue of $554.32 million during the quarter. Stewart Information Services had a return on equity of 4.69% and a net margin of 1.83%. On average, equities analysts forecast that Stewart Information Services will post 4.5 earnings per share for the current fiscal year.

Stewart Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.90 annualized dividend and a dividend yield of 3.01%. Stewart Information Services’s payout ratio is presently 125.00%.

Insider Activity

In related news, Director Matthew Morris sold 12,000 shares of Stewart Information Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $63.11, for a total value of $757,320.00. Following the completion of the sale, the director now directly owns 76,867 shares in the company, valued at approximately $4,851,076.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.99% of the company’s stock.

Institutional Investors Weigh In On Stewart Information Services

Large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System bought a new stake in Stewart Information Services in the 4th quarter worth about $805,000. Natixis Advisors L.P. grew its stake in shares of Stewart Information Services by 5.9% during the 3rd quarter. Natixis Advisors L.P. now owns 10,766 shares of the insurance provider’s stock valued at $472,000 after purchasing an additional 601 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Stewart Information Services by 14.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 136,935 shares of the insurance provider’s stock valued at $8,045,000 after purchasing an additional 17,451 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Stewart Information Services by 4.6% during the 4th quarter. DAVENPORT & Co LLC now owns 705,777 shares of the insurance provider’s stock valued at $41,464,000 after purchasing an additional 31,211 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Stewart Information Services by 8.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,930 shares of the insurance provider’s stock valued at $936,000 after purchasing an additional 1,202 shares during the period. 96.90% of the stock is currently owned by institutional investors.

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.