Stewart Information Services (NYSE:STC) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Stewart Information Services has received a "Buy (B-)" rating from Weiss Ratings, indicating positive sentiment around the stock's performance.
• The company's stock rose 3.4%, with a current market cap of $2.09 billion and an average target price of $77.50, reflecting a generally favorable outlook among analysts.
• In its latest quarterly earnings report, Stewart Information Services reported $1.64 EPS, surpassing expectations and marking a 19.3% year-over-year revenue increase.

Stewart Information Services (NYSE:STC - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

STC has been the subject of a number of other research reports. Keefe, Bruyette & Woods upped their price objective on Stewart Information Services from $72.00 to $73.00 and gave the company a "market perform" rating in a research report on Monday, July 28th. Wall Street Zen raised Stewart Information Services from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $77.50.

Stewart Information Services Stock Up 3.4%

Stewart Information Services stock opened at $74.59 on Friday. The stock has a market cap of $2.09 billion, a PE ratio of 20.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 1.77. Stewart Information Services has a one year low of $56.39 and a one year high of $78.44. The stock has a fifty day moving average of $72.29 and a 200 day moving average of $66.96.

Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The insurance provider reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.22. The company had revenue of $791.30 million during the quarter, compared to analysts' expectations of $737.30 million. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.Stewart Information Services's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, sell-side analysts predict that Stewart Information Services will post 6.29 EPS for the current year.

Insider Buying and Selling at Stewart Information Services

In other news, insider Brad Rable sold 5,694 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $65.32, for a total value of $371,932.08. Following the completion of the transaction, the insider owned 23,872 shares of the company's stock, valued at $1,559,319.04. This represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stewart Information Services

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Stewart Information Services by 138.3% in the third quarter. GAMMA Investing LLC now owns 741 shares of the insurance provider's stock worth $54,000 after acquiring an additional 430 shares during the period. Copeland Capital Management LLC boosted its stake in Stewart Information Services by 96.7% during the third quarter. Copeland Capital Management LLC now owns 1,119 shares of the insurance provider's stock valued at $82,000 after buying an additional 550 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Stewart Information Services by 2,735.8% during the second quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider's stock valued at $98,000 after buying an additional 1,450 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Stewart Information Services by 70.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,271 shares of the insurance provider's stock valued at $148,000 after buying an additional 935 shares during the last quarter. Finally, State of Wyoming boosted its stake in Stewart Information Services by 216.1% during the second quarter. State of Wyoming now owns 2,658 shares of the insurance provider's stock valued at $173,000 after buying an additional 1,817 shares during 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.

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