Stewart Information Services Corporation (NYSE:STC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $41.00 target price on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Stewart Information Services Corporation presently has a consensus rating of “Sell” and a consensus target price of $46.00.

Shares of Stewart Information Services Corporation (STC) opened at 39.84 on Friday. Stewart Information Services Corporation has a one year low of $38.67 and a one year high of $48.60. The company’s 50-day moving average price is $44.08 and its 200-day moving average price is $44.37. The stock has a market cap of $945.84 million, a PE ratio of 14.27 and a beta of 0.77.

Stewart Information Services Corporation (NYSE:STC) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.24. Stewart Information Services Corporation had a return on equity of 9.77% and a net margin of 3.27%. The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $503.05 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Stewart Information Services Corporation will post $2.43 earnings per share for the current year.

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In other news, insider Nicholas Galea sold 141,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $0.48, for a total transaction of $67,680.00. In the last ninety days, insiders have bought 42,000 shares of company stock worth $33,020. Insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Stewart Information Services Corporation by 53,457.8% in the first quarter. BlackRock Inc. now owns 2,908,725 shares of the insurance provider’s stock worth $128,507,000 after buying an additional 2,903,294 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Stewart Information Services Corporation by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,869,728 shares of the insurance provider’s stock worth $82,604,000 after buying an additional 114,878 shares in the last quarter. Vanguard Group Inc. boosted 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 buying an additional 84,343 shares in the last quarter. Wells Fargo & Company MN boosted its position in Stewart Information Services Corporation by 16.7% in the first quarter. Wells Fargo & Company MN now owns 639,730 shares of the insurance provider’s stock worth $28,263,000 after buying an additional 91,777 shares in the last quarter. Finally, State Street Corp boosted its position in Stewart Information Services Corporation by 6.4% in the first quarter. State Street Corp now owns 558,487 shares of the insurance provider’s stock worth $24,675,000 after buying an additional 33,451 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

About Stewart Information Services Corporation

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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