Stewart Information Services Corporation (STC) Downgraded by Zacks Investment Research to Sell

Stewart Information Services Corporation (NYSE:STC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

According to Zacks, “Stewart Information Services Corporation’s primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states, the District of Columbia and several foreign countries. Stewart also sells computer-related services and information, as well as mapping products and geographic information systems, to domestic and foreign governments and private entities. “

Several other equities research analysts have also recently weighed in on the company. BidaskClub cut Stewart Information Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $38.00 price objective on shares of Stewart Information Services Corporation in a research report on Thursday, October 12th.

Shares of Stewart Information Services Corporation (NYSE STC) opened at $39.11 on Friday. The stock has a market capitalization of $920.38, a P/E ratio of 18.80 and a beta of 0.88. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.21. Stewart Information Services Corporation has a 12-month low of $34.48 and a 12-month high of $48.17.

Stewart Information Services Corporation (NYSE:STC) last posted its quarterly earnings data on Monday, November 6th. The insurance provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.25). Stewart Information Services Corporation had a net margin of 2.57% and a return on equity of 7.37%. The business had revenue of $498.05 million during the quarter, compared to the consensus estimate of $470.30 million. During the same period in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was down 8.7% compared to the same quarter last year. equities analysts forecast that Stewart Information Services Corporation will post 2.68 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of STC. Alliancebernstein L.P. lifted its position in Stewart Information Services Corporation by 1.7% in the first quarter. Alliancebernstein L.P. now owns 29,327 shares of the insurance provider’s stock worth $1,296,000 after purchasing an additional 500 shares during the period. FMR LLC lifted its position in Stewart Information Services Corporation by 152.5% in the first quarter. FMR LLC now owns 194,378 shares of the insurance provider’s stock worth $8,588,000 after purchasing an additional 117,397 shares during the period. Teachers Advisors LLC lifted its position in Stewart Information Services Corporation by 2.5% in the first quarter. Teachers Advisors LLC now owns 52,624 shares of the insurance provider’s stock worth $2,325,000 after purchasing an additional 1,277 shares during the period. Vanguard Group Inc. lifted its position in Stewart Information Services Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 1,160,008 shares of the insurance provider’s stock worth $51,250,000 after purchasing an additional 84,343 shares during the period. Finally, Geode Capital Management LLC lifted its position in Stewart Information Services Corporation by 6.7% in the first quarter. Geode Capital Management LLC now owns 175,742 shares of the insurance provider’s stock worth $7,764,000 after purchasing an additional 11,007 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

Stewart Information Services Corporation Company Profile

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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