Keefe, Bruyette & Woods upgraded shares of Stewart Information Services (NYSE:STC – Free Report) from a market perform rating to an outperform rating in a research note published on Monday morning, MarketBeat reports. The firm currently has $81.00 target price on the insurance provider’s stock.
Other research analysts have also issued research reports about the company. Wall Street Zen lowered Stewart Information Services from a “buy” rating to a “hold” rating in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $81.50.
Stewart Information Services Trading Up 3.8%
Stewart Information Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.10 annualized dividend and a yield of 3.1%. Stewart Information Services’s payout ratio is currently 58.50%.
Institutional Investors Weigh In On Stewart Information Services
Hedge funds have recently made changes to their positions in the business. Caitlin John LLC purchased a new position in shares of Stewart Information Services in the 3rd quarter worth about $31,000. GAMMA Investing LLC raised its position in Stewart Information Services by 138.3% in the third quarter. GAMMA Investing LLC now owns 741 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 430 shares during the period. Exchange Traded Concepts LLC purchased a new position in Stewart Information Services in the fourth quarter valued at about $65,000. Copeland Capital Management LLC grew its position in shares of Stewart Information Services by 96.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,119 shares of the insurance provider’s stock valued at $82,000 after acquiring an additional 550 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Stewart Information Services by 2,735.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 1,450 shares during the period. 96.90% of the stock is currently owned by institutional investors.
Stewart Information Services Company Profile
Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.
In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.
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