Stewart Information Services (NYSE:STC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Stewart Information Services (NYSE:STC) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $78.00 to $81.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.43% from the company’s current price.

A number of other brokerages have also commented on STC. Weiss Ratings reiterated a “buy (b)” rating on shares of Stewart Information Services in a report on Monday. Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Stewart Information Services currently has an average rating of “Moderate Buy” and an average price target of $81.50.

Stewart Information Services Stock Down 1.2%

STC opened at $72.69 on Thursday. The business has a 50 day moving average price of $72.44 and a 200 day moving average price of $69.27. Stewart Information Services has a twelve month low of $56.39 and a twelve month high of $78.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $2.04 billion, a P/E ratio of 20.34 and a beta of 1.04.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Wednesday, October 22nd. The insurance provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.42 by $0.22. The company had revenue of $791.30 million for the quarter, compared to the consensus estimate of $737.30 million. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. Research analysts forecast that Stewart Information Services will post 6.29 EPS for the current year.

Institutional Trading of Stewart Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Heritage Family Offices LLP increased its position in shares of Stewart Information Services by 4.5% during the 3rd quarter. Heritage Family Offices LLP now owns 4,012 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 173 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Stewart Information Services by 8.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 209 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Stewart Information Services by 1.5% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 14,647 shares of the insurance provider’s stock valued at $1,074,000 after purchasing an additional 216 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Stewart Information Services by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 28,704 shares of the insurance provider’s stock valued at $2,105,000 after purchasing an additional 254 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Stewart Information Services by 3.7% during the third quarter. Amalgamated Bank now owns 8,184 shares of the insurance provider’s stock worth $600,000 after purchasing an additional 293 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Stewart Information Services

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.