BTIG Research Raises Stewart Information Services (NYSE:STC) Price Target to $70.00

Stewart Information Services (NYSE:STC) had its target price boosted by equities researchers at BTIG Research from $68.00 to $70.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. BTIG Research’s price target would suggest a potential upside of 12.89% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Stephens restated an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research note on Thursday, April 25th. Keefe, Bruyette & Woods lifted their target price on shares of Stewart Information Services from $57.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.33.

Stewart Information Services Trading Down 1.8 %

STC opened at $62.01 on Monday. The business’s 50-day simple moving average is $61.84 and its 200-day simple moving average is $56.27. The company has a market cap of $1.70 billion, a P/E ratio of 40.80 and a beta of 1.16. Stewart Information Services has a one year low of $38.40 and a one year high of $65.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.11 and a current ratio of 1.95.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. The business had revenue of $554.32 million during the quarter. As a group, equities research analysts expect that Stewart Information Services will post 4.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Stewart Information Services news, Director Matthew Morris sold 12,000 shares of Stewart Information Services stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $63.11, for a total value of $757,320.00. Following the sale, the director now owns 76,867 shares of the company’s stock, valued at approximately $4,851,076.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Stewart Information Services

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Stewart Information Services in the third quarter valued at about $236,000. Handelsbanken Fonder AB acquired a new stake in shares of Stewart Information Services in the 3rd quarter worth approximately $206,000. Azarias Capital Management L.P. increased its stake in Stewart Information Services by 107.8% in the 3rd quarter. Azarias Capital Management L.P. now owns 160,856 shares of the insurance provider’s stock valued at $7,045,000 after purchasing an additional 83,452 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Stewart Information Services by 6.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider’s stock worth $645,000 after purchasing an additional 860 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Stewart Information Services by 215.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 4,550 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Stewart Information Services Company Profile

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.