Stewart Information Services (NYSE:STC) PT Lowered to $61.00 at Keefe, Bruyette & Woods

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

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

Stewart Information Services Price Performance

NYSE:STC opened at $62.17 on Tuesday. Stewart Information Services has a 52 week low of $38.40 and a 52 week high of $66.66. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 40.90 and a beta of 1.21. The firm’s 50-day simple moving average is $62.69 and its 200 day simple moving average is $61.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 1.95.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS 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, sell-side analysts predict that Stewart Information Services will post 4.24 earnings per share for the current year.

Stewart Information Services Dividend Announcement

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

Hedge Funds Weigh In On Stewart Information Services

A number of institutional investors have recently added to or reduced their stakes in STC. Confluence Investment Management LLC acquired a new position in Stewart Information Services during the 1st quarter worth approximately $4,917,000. DAVENPORT & Co LLC grew its holdings in Stewart Information Services by 10.5% during the 1st quarter. DAVENPORT & Co LLC now owns 780,128 shares of the insurance provider’s stock worth $50,755,000 after acquiring an additional 74,351 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Stewart Information Services by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,922,748 shares of the insurance provider’s stock worth $112,963,000 after acquiring an additional 59,639 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Stewart Information Services by 146.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 90,807 shares of the insurance provider’s stock worth $3,977,000 after acquiring an additional 53,998 shares during the last quarter. Finally, Azarias Capital Management L.P. grew its holdings in Stewart Information Services by 31.2% during the 4th quarter. Azarias Capital Management L.P. now owns 211,081 shares of the insurance provider’s stock worth $12,401,000 after acquiring an additional 50,225 shares during the last quarter. 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.