Keefe, Bruyette & Woods Cuts Stewart Information Services (NYSE:STC) Price Target to $77.00

Stewart Information Services (NYSE:STC) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $81.00 to $77.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 17.75% from the company’s current price.

Other analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Stewart Information Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Stephens reiterated an “overweight” rating and issued a $88.00 price target on shares of Stewart Information Services in a research report on Monday, May 18th. Wall Street Zen upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Zacks Research raised Stewart Information Services to a “hold” rating in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Stewart Information Services Price Performance

Shares of STC stock traded down $2.67 on Thursday, reaching $65.39. The company’s stock had a trading volume of 76,841 shares, compared to its average volume of 220,172. The stock’s fifty day simple moving average is $67.14 and its 200-day simple moving average is $67.37. Stewart Information Services has a 1 year low of $56.39 and a 1 year high of $78.61. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.60 and a beta of 0.99. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.39.

Stewart Information Services (NYSE:STC) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.26. Stewart Information Services had a net margin of 4.19% and a return on equity of 10.07%. The company had revenue of $778.40 million for the quarter, compared to the consensus estimate of $730.43 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Stewart Information Services’s revenue was up 27.7% on a year-over-year basis. Analysts forecast that Stewart Information Services will post 5.8 earnings per share for the current fiscal year.

Insider Transactions at Stewart Information Services

In related news, CFO David C. Hisey sold 10,992 shares of Stewart Information Services stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $71.28, for a total transaction of $783,509.76. Following the completion of the transaction, the chief financial officer directly owned 61,929 shares of the company’s stock, valued at approximately $4,414,299.12. The trade was a 15.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Allen Bradley, Jr. purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $63.87 per share, for a total transaction of $63,870.00. Following the completion of the acquisition, the director directly owned 25,034 shares in the company, valued at $1,598,921.58. The trade was a 4.16% increase in their position. The SEC filing for this purchase provides additional information. 2.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stewart Information Services

A number of large investors have recently bought and sold shares of STC. Caitlin John LLC bought a new position in Stewart Information Services in the 3rd quarter valued at $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stewart Information Services during the fourth quarter valued at $43,000. Exchange Traded Concepts LLC bought a new position in shares of Stewart Information Services in the fourth quarter worth about $65,000. Horizon Investments LLC bought a new position in shares of Stewart Information Services in the fourth quarter worth about $65,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Stewart Information Services in the 4th quarter worth about $66,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Stewart Information Services

Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.

In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.