Stewart Information Services (NYSE:STC) Given New $61.00 Price Target at Keefe, Bruyette & Woods

Stewart Information Services (NYSE:STC) had its price objective reduced by Keefe, Bruyette & Woods from $64.00 to $61.00 in a report issued on Tuesday, Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the stock. BTIG Research boosted their target price on shares of Stewart Information Services from $68.00 to $70.00 and gave the company a buy rating in a report on Monday, April 29th. Stephens restated an overweight rating and set a $79.00 target price on shares of Stewart Information Services in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Stewart Information Services from a hold rating to a buy rating in a report on Friday, June 21st.

Stewart Information Services Stock Performance

NYSE:STC opened at $62.17 on Tuesday. The stock has a market cap of $1.71 billion, a P/E ratio of 40.90 and a beta of 1.21. The firm’s fifty day simple moving average is $62.69 and its 200 day simple moving average is $61.43. Stewart Information Services has a twelve month low of $38.40 and a twelve month high of $66.66. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. The business had revenue of $554.32 million for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. As a group, research analysts predict that Stewart Information Services will post 4.24 EPS for the current year.

Stewart Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, June 17th. Stewart Information Services’s dividend payout ratio is presently 125.00%.

Hedge Funds Weigh In On Stewart Information Services

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Stewart Information Services in the 1st quarter worth about $111,000. Heritage Wealth Management LLC purchased a new position in shares of Stewart Information Services in the 4th quarter worth about $216,000. Truist Financial Corp purchased a new position in shares of Stewart Information Services in the 4th quarter worth about $247,000. Capstone Investment Advisors LLC purchased a new position in shares of Stewart Information Services in the 1st quarter worth about $283,000. Finally, ARGA Investment Management LP purchased a new position in shares of Stewart Information Services in the 4th quarter worth about $293,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.