Keefe, Bruyette & Woods Has Lowered Expectations for Stewart Information Services (NYSE:STC) Stock Price

Stewart Information Services (NYSE:STC) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $84.00 to $74.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 18.17% from the stock’s current price.

Separately, StockNews.com upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th.

Stewart Information Services Price Performance

Shares of Stewart Information Services stock traded down $1.68 during mid-day trading on Wednesday, reaching $62.62. 71,777 shares of the stock were exchanged, compared to its average volume of 187,754. Stewart Information Services has a fifty-two week low of $56.16 and a fifty-two week high of $78.44. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 29.54 and a beta of 1.24. The firm has a 50-day simple moving average of $71.73 and a 200 day simple moving average of $70.58. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The firm had revenue of $667.94 million during the quarter, compared to analysts’ expectations of $638.40 million. During the same period last year, the firm posted $0.86 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict that Stewart Information Services will post 3.32 EPS for the current fiscal year.

Insider Transactions at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $74.12, for a total transaction of $956,073.88. Following the transaction, the director now directly owns 65,330 shares in the company, valued at approximately $4,842,259.60. This represents a 16.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Stewart Information Services

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Stewart Information Services by 0.4% during the 3rd quarter. FMR LLC now owns 2,488,342 shares of the insurance provider’s stock worth $185,979,000 after acquiring an additional 8,853 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Stewart Information Services by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,641,717 shares of the insurance provider’s stock worth $122,702,000 after purchasing an additional 10,811 shares during the last quarter. State Street Corp grew its position in Stewart Information Services by 16.8% in the 3rd quarter. State Street Corp now owns 1,247,762 shares of the insurance provider’s stock worth $93,258,000 after purchasing an additional 179,364 shares in the last quarter. Victory Capital Management Inc. increased its stake in Stewart Information Services by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock valued at $73,669,000 after buying an additional 65,965 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Stewart Information Services by 906.9% during the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock worth $40,733,000 after buying an additional 590,977 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.