Stewart Information Services’ (STC) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Stewart Information Services (NYSE:STC) in a research report released on Thursday morning, Benzinga reports. They currently have a $79.00 target price on the insurance provider’s stock.

A number of other equities research analysts also recently weighed in on STC. BTIG Research lifted their target price on Stewart Information Services from $68.00 to $80.00 and gave the stock a buy rating in a report on Monday. Keefe, Bruyette & Woods dropped their price target on Stewart Information Services from $64.00 to $61.00 and set a market perform rating for the company in a research note on Tuesday, July 2nd. Finally, StockNews.com downgraded Stewart Information Services from a buy rating to a hold rating in a research note on Tuesday, July 2nd.

Stewart Information Services Trading Down 1.1 %

STC stock opened at $72.35 on Thursday. Stewart Information Services has a one year low of $38.40 and a one year high of $74.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 47.60 and a beta of 1.21. The company has a fifty day moving average price of $64.16 and a two-hundred day moving average price of $62.45.

Stewart Information Services (NYSE:STC) last posted its earnings results on Wednesday, July 24th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). Stewart Information Services had a return on equity of 5.16% and a net margin of 1.85%. The firm had revenue of $602.20 million for the quarter, compared to analyst estimates of $597.00 million. During the same period in the prior year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Stewart Information Services will post 4.24 EPS for the current year.

Stewart Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, June 17th. Stewart Information Services’s dividend payout ratio is presently 125.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tributary Capital Management LLC grew its position in Stewart Information Services by 0.3% in the second quarter. Tributary Capital Management LLC now owns 330,977 shares of the insurance provider’s stock valued at $20,547,000 after acquiring an additional 984 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Stewart Information Services by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the insurance provider’s stock worth $863,000 after purchasing an additional 300 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Stewart Information Services by 57.7% during the second quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 262 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Stewart Information Services by 1.5% during the second quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock worth $5,211,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Stewart Information Services by 2.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

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.