StockNews.com upgraded shares of Stewart Information Services (NYSE:STC - Free Report) from a hold rating to a buy rating in a report issued on Wednesday morning.
STC has been the subject of a number of other reports. Stephens restated an "overweight" rating and issued a $82.00 price objective on shares of Stewart Information Services in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the stock a "market perform" rating in a research note on Friday, February 7th.
Read Our Latest Stock Report on STC
Stewart Information Services Price Performance
Shares of NYSE STC traded down $1.31 during mid-day trading on Wednesday, reaching $63.97. 45,570 shares of the company were exchanged, compared to its average volume of 169,804. Stewart Information Services has a 52 week low of $58.61 and a 52 week high of $78.44. The company's 50 day moving average price is $69.01 and its 200 day moving average price is $69.20. The stock has a market capitalization of $1.78 billion, a PE ratio of 24.60 and a beta of 1.05. The company has a quick ratio of 1.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.32.
Stewart Information Services (NYSE:STC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.01. Stewart Information Services had a return on equity of 6.81% and a net margin of 2.94%. Sell-side analysts forecast that Stewart Information Services will post 6.29 earnings per share for the current fiscal year.
Stewart Information Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, March 17th. Stewart Information Services's dividend payout ratio is 76.92%.
Institutional Investors Weigh In On Stewart Information Services
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of Stewart Information Services by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider's stock valued at $2,006,000 after acquiring an additional 157 shares during the period. Summit Investment Advisors Inc. increased its holdings in Stewart Information Services by 6.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after purchasing an additional 170 shares during the period. Pitcairn Co. raised its position in Stewart Information Services by 2.6% during the 4th quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock valued at $462,000 after purchasing an additional 174 shares during the last quarter. Blue Trust Inc. lifted its holdings in Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after buying an additional 208 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Stewart Information Services by 7.5% in the 4th quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock worth $201,000 after buying an additional 208 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.
Stewart Information Services Company Profile
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Get Free Report)
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.
Further Reading
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