Stewart Information Services (NYSE:STC) PT Raised to $80.00

Stewart Information Services (NYSE:STC) had its price objective lifted by BTIG Research from $68.00 to $80.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities analysts have also weighed in on STC. Keefe, Bruyette & Woods cut their target price on shares of Stewart Information Services from $64.00 to $61.00 and set a market perform rating for the company in a research report on Tuesday, July 2nd. StockNews.com downgraded shares of Stewart Information Services from a buy rating to a hold rating in a report on Tuesday, July 2nd. Finally, Stephens reissued an overweight rating and set a $79.00 target price on shares of Stewart Information Services in a report on Thursday, April 25th.

Stewart Information Services Trading Down 1.1 %

Shares of STC stock opened at $72.35 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.00 billion, a P/E ratio of 47.60 and a beta of 1.21. The company has a 50 day moving average of $64.16 and a 200-day moving average of $62.45. Stewart Information Services has a 12-month low of $38.40 and a 12-month high of $74.46.

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

Stewart Information Services Dividend Announcement

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

Institutional Trading of Stewart Information Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tributary Capital Management LLC grew its position in shares of Stewart Information Services by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 330,977 shares of the insurance provider’s stock valued at $20,547,000 after purchasing an additional 984 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in 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 valued at $863,000 after buying an additional 300 shares during the period. Blue Trust Inc. grew its position in 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 buying an additional 262 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Stewart Information Services by 1.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock worth $5,211,000 after acquiring an additional 1,217 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Stewart Information Services by 2.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 144 shares in the last quarter. 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.