Zacks Investment Research Upgrades Stewart Information Services (STC) to Buy

Zacks Investment Research upgraded shares of Stewart Information Services (NYSE:STC) from a hold rating to a buy rating in a research report report published on Wednesday, February 7th. Zacks Investment Research currently has $48.00 price target on the insurance provider’s stock.

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. “

Separately, Keefe, Bruyette & Woods reiterated a hold rating and issued a $46.00 price objective on shares of Stewart Information Services in a research note on Friday, December 22nd.

Stewart Information Services (STC) traded up $0.18 during midday trading on Wednesday, reaching $41.37. The company’s stock had a trading volume of 32,829 shares, compared to its average volume of 216,480. Stewart Information Services has a one year low of $34.48 and a one year high of $48.03. The company has a current ratio of 2.15, a quick ratio of 3.00 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $970.28, a price-to-earnings ratio of 19.44 and a beta of 0.93.

Stewart Information Services (NYSE:STC) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. The company had revenue of $525.60 million for the quarter, compared to analyst estimates of $504.30 million. Stewart Information Services had a return on equity of 7.42% and a net margin of 2.49%. The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. analysts forecast that Stewart Information Services will post 3.44 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC increased its stake in shares of Stewart Information Services by 102.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 1,316 shares during the period. SG Americas Securities LLC grew its position in Stewart Information Services by 38.6% during the third quarter. SG Americas Securities LLC now owns 5,479 shares of the insurance provider’s stock worth $207,000 after buying an additional 1,527 shares in the last quarter. Aperio Group LLC acquired a new stake in Stewart Information Services during the fourth quarter worth about $208,000. Piedmont Investment Advisors LLC acquired a new stake in Stewart Information Services during the second quarter worth about $232,000. Finally, Teacher Retirement System of Texas acquired a new stake in Stewart Information Services during the fourth quarter worth about $263,000. Institutional investors and hedge funds own 86.12% of the company’s stock.

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About Stewart Information Services

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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