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.
STC has been the subject of several other reports. Keefe, Bruyette & Woods increased their target price on Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Friday, February 7th. Stephens reissued an "overweight" rating and issued a $82.00 price target on shares of Stewart Information Services in a report on Thursday, February 6th.
Check Out Our Latest Stock Analysis on Stewart Information Services
Stewart Information Services Stock Performance
Shares of STC traded up $0.11 during mid-day trading on Wednesday, hitting $65.27. The stock had a trading volume of 118,356 shares, compared to its average volume of 170,454. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.94. The firm has a market cap of $1.82 billion, a P/E ratio of 25.11 and a beta of 1.05. Stewart Information Services has a 52 week low of $58.61 and a 52 week high of $78.44. The business has a fifty day moving average price of $69.01 and a 200-day moving average price of $69.22.
Stewart Information Services (NYSE:STC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share 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%. On average, equities research analysts expect that Stewart Information Services will post 6.29 EPS for the current year.
Stewart Information Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, March 17th. Stewart Information Services's dividend payout ratio is currently 76.92%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its holdings in 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. grew its position in Stewart Information Services by 6.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,831 shares of the insurance provider's stock valued at $191,000 after buying an additional 170 shares during the period. Pitcairn Co. raised its position in Stewart Information Services by 2.6% in the fourth quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider's stock worth $462,000 after acquiring an additional 174 shares during the period. Blue Trust Inc. boosted its stake in shares of Stewart Information Services by 9.3% during the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider's stock worth $182,000 after acquiring an additional 208 shares during the last quarter. Finally, Vident Advisory LLC grew its position in shares of Stewart Information Services by 7.5% during the 4th quarter. Vident Advisory LLC now owns 2,982 shares of the insurance provider's stock valued at $201,000 after acquiring an additional 208 shares during the period. Institutional investors own 96.90% of the company's stock.
About Stewart Information Services
(
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.
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