Stewart Information Services Co. (NYSE:STC) Receives $69.33 Average PT from Analysts

Stewart Information Services Co. (NYSE:STC - Get Free Report) has received an average rating of "Moderate Buy" from the three ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $69.33.

Several equities analysts recently issued reports on the stock. Stephens lifted their price objective on shares of Stewart Information Services from $76.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a "market perform" rating in a report on Thursday, March 21st.

Insider Activity

In related news, Director Matthew Morris sold 12,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total transaction of $757,320.00. Following the completion of the transaction, the director now directly owns 76,867 shares in the company, valued at $4,851,076.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Stewart Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pitcairn Co. raised its stake in Stewart Information Services by 2.9% in the 4th quarter. Pitcairn Co. now owns 6,300 shares of the insurance provider's stock valued at $370,000 after purchasing an additional 178 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Stewart Information Services by 3.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,383 shares of the insurance provider's stock worth $316,000 after buying an additional 198 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Stewart Information Services by 3.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,057 shares of the insurance provider's stock worth $351,000 after buying an additional 248 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Stewart Information Services by 1.1% during the first quarter. Yousif Capital Management LLC now owns 24,644 shares of the insurance provider's stock worth $1,494,000 after buying an additional 270 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Stewart Information Services by 74.9% during the first quarter. Advisory Services Network LLC now owns 698 shares of the insurance provider's stock worth $28,000 after buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Stewart Information Services Stock Down 0.7 %

STC stock traded down $0.42 during trading on Friday, hitting $59.99. 173,829 shares of the company's stock traded hands, compared to its average volume of 272,696. The firm has a market capitalization of $1.65 billion, a P/E ratio of 54.05 and a beta of 1.16. The business has a fifty day simple moving average of $61.85 and a two-hundred day simple moving average of $54.68. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.32. 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 issued its quarterly earnings data 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 company had revenue of $582.17 million for the quarter, compared to analyst estimates of $566.46 million. Stewart Information Services had a net margin of 1.35% and a return on equity of 3.85%. Stewart Information Services's revenue was down 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. Sell-side analysts anticipate that Stewart Information Services will post 4.5 EPS for the current year.

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.475 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.90 annualized dividend and a yield of 3.17%. Stewart Information Services's dividend payout ratio (DPR) is presently 171.17%.

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.