Stewart Information Services (NYSE:STC) Cut to Hold at StockNews.com

Stewart Information Services (NYSE:STC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

STC has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price target on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Stephens restated an “overweight” rating and issued a $82.00 price objective on shares of Stewart Information Services in a research report on Thursday, February 6th.

Stewart Information Services Stock Down 1.1 %

STC stock opened at $67.23 on Tuesday. The business’s 50-day moving average is $67.46 and its two-hundred day moving average is $70.25. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 25.86 and a beta of 1.23. Stewart Information Services has a fifty-two week low of $58.23 and a fifty-two week high of $78.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. As a group, analysts forecast that Stewart Information Services will post 6.29 earnings per share for the current year.

Insider Transactions at Stewart Information Services

In related news, Director Matthew Morris sold 12,899 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the sale, the director now directly owns 65,330 shares of the company’s stock, valued at $4,842,259.60. This represents a 16.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in Stewart Information Services by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 29,717 shares of the insurance provider’s stock valued at $2,006,000 after acquiring an additional 157 shares during the period. Pitcairn Co. grew its holdings in shares of Stewart Information Services by 2.6% in the fourth quarter. Pitcairn Co. now owns 6,850 shares of the insurance provider’s stock worth $462,000 after purchasing an additional 174 shares during the last quarter. Blue Trust Inc. increased its stake in Stewart Information Services by 9.3% in the 4th quarter. Blue Trust Inc. now owns 2,434 shares of the insurance provider’s stock worth $182,000 after buying an additional 208 shares during the period. Heritage Family Offices LLP lifted its holdings in Stewart Information Services by 9.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,530 shares of the insurance provider’s stock valued at $238,000 after buying an additional 296 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Stewart Information Services by 7.4% in the 2nd quarter. Truist Financial Corp now owns 4,645 shares of the insurance provider’s stock valued at $288,000 after buying an additional 319 shares during the period. Institutional investors own 96.90% of the company’s stock.

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.