Keefe, Bruyette & Woods Issues Positive Forecast for Stewart Information Services (NYSE:STC) Stock Price

Stewart Information Services (NYSE:STC) had its price objective boosted by research analysts at Keefe, Bruyette & Woods from $74.00 to $75.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 13.05% from the stock’s previous close.

Other analysts also recently issued reports about the stock. StockNews.com downgraded shares of Stewart Information Services from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Stephens restated an “overweight” rating and set a $82.00 price target on shares of Stewart Information Services in a research note on Thursday.

Stewart Information Services Stock Down 2.8 %

Shares of STC traded down $1.93 during mid-day trading on Friday, reaching $66.34. The company’s stock had a trading volume of 79,748 shares, compared to its average volume of 192,099. Stewart Information Services has a 1 year low of $56.16 and a 1 year high of $78.44. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 31.17 and a beta of 1.23. The business has a fifty day moving average of $68.12 and a 200 day moving average of $70.43.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.47% and a return on equity of 5.77%. As a group, analysts forecast that Stewart Information Services will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $74.12, for a total transaction of $956,073.88. Following the completion of the sale, the director now directly owns 65,330 shares of the company’s stock, valued at approximately $4,842,259.60. The trade was a 16.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Stewart Information Services

Several large investors have recently bought and sold shares of STC. FMR LLC increased its holdings in Stewart Information Services by 0.4% in the third quarter. FMR LLC now owns 2,488,342 shares of the insurance provider’s stock valued at $185,979,000 after purchasing an additional 8,853 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Stewart Information Services by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,651,849 shares of the insurance provider’s stock valued at $108,741,000 after acquiring an additional 10,132 shares during the last quarter. State Street Corp raised its position in shares of Stewart Information Services by 16.8% in the 3rd quarter. State Street Corp now owns 1,247,762 shares of the insurance provider’s stock valued at $93,258,000 after acquiring an additional 179,364 shares during the period. Victory Capital Management Inc. boosted its stake in Stewart Information Services by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock worth $73,669,000 after acquiring an additional 65,965 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Stewart Information Services by 1.4% during the third quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider’s stock valued at $47,151,000 after purchasing an additional 8,597 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Stewart Information Services Company Profile

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.