Stewart Information Services (NYSE:STC) Price Target Increased to $79.00 by Analysts at Stephens

Stewart Information Services (NYSE:STC - Get Free Report) had its price target lifted by research analysts at Stephens from $76.00 to $79.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the insurance provider's stock. Stephens' price target would suggest a potential upside of 32.48% from the stock's current price.

Separately, Keefe, Bruyette & Woods upped their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Stewart Information Services presently has an average rating of "Moderate Buy" and a consensus price target of $69.33.

Stewart Information Services Price Performance

Shares of NYSE STC traded down $4.54 during mid-day trading on Wednesday, hitting $59.63. 323,331 shares of the company's stock traded hands, compared to its average volume of 228,769. The company's 50-day moving average is $61.94 and its two-hundred day moving average is $54.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market capitalization of $1.64 billion, a P/E ratio of 53.72 and a beta of 1.16. Stewart Information Services has a 1 year low of $36.81 and a 1 year high of $65.35.

Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.14. The firm had revenue of $582.17 million for the quarter, compared to analysts' expectations of $566.46 million. Stewart Information Services had a net margin of 1.35% and a return on equity of 3.85%. The business's revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, equities analysts anticipate that Stewart Information Services will post 4.5 EPS for the current fiscal year.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the transaction, the director now directly owns 76,867 shares in the company, valued at approximately $4,851,076.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stewart Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Confluence Investment Management LLC bought a new position in shares of Stewart Information Services during the first quarter valued at approximately $4,917,000. Quadrature Capital Ltd bought a new position in shares of Stewart Information Services during the fourth quarter valued at approximately $422,000. Vanguard Group Inc. boosted its stake in shares of Stewart Information Services by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,906,475 shares of the insurance provider's stock valued at $112,005,000 after purchasing an additional 26,897 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Stewart Information Services by 5.8% during the fourth quarter. Wellington Management Group LLP now owns 90,899 shares of the insurance provider's stock valued at $5,340,000 after purchasing an additional 4,955 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Stewart Information Services by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,160 shares of the insurance provider's stock valued at $656,000 after purchasing an additional 691 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

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.