Stephens Reiterates "Overweight" Rating for Stewart Information Services (NYSE:STC)

Stewart Information Services (NYSE:STC - Get Free Report)'s stock had its "overweight" rating reiterated by equities researchers at Stephens in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $79.00 price target on the insurance provider's stock. Stephens' target price would suggest a potential upside of 28.09% from the stock's previous close.

Separately, Keefe, Bruyette & Woods lifted their price target on Stewart Information Services from $57.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.33.

Stewart Information Services Stock Down 2.0 %

Stewart Information Services stock traded down $1.28 during midday trading on Thursday, reaching $61.68. The company's stock had a trading volume of 318,658 shares, compared to its average volume of 225,517. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $61.84 and a 200-day simple moving average of $55.60. The company has a market cap of $1.69 billion, a P/E ratio of 55.67 and a beta of 1.16. Stewart Information Services has a fifty-two week low of $36.81 and a fifty-two week high of $65.35.

Stewart Information Services (NYSE:STC - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. The company had revenue of $554.32 million for the quarter. Stewart Information Services had a net margin of 1.35% and a return on equity of 3.85%. On average, research analysts expect that Stewart Information Services will post 4.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Matthew Morris sold 12,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the sale, the director now owns 76,867 shares in the company, valued at $4,851,076.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stewart Information Services

Several institutional investors have recently modified their holdings of the business. Handelsbanken Fonder AB purchased a new stake in Stewart Information Services in the third quarter worth approximately $206,000. Heritage Wealth Management LLC bought a new stake in Stewart Information Services during the fourth quarter valued at about $216,000. Envestnet Portfolio Solutions Inc. bought a new stake in Stewart Information Services during the third quarter valued at about $227,000. SG Americas Securities LLC purchased a new stake in Stewart Information Services in the third quarter valued at about $236,000. Finally, Truist Financial Corp purchased a new position in shares of Stewart Information Services in the fourth quarter worth about $247,000. 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.