Stewart Information Services (NYSE:STC) Upgraded by StockNews.com to Buy Rating

Stewart Information Services (NYSE:STC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other research firms have also recently commented on STC. Stephens restated an “overweight” rating and set a $82.00 price target on shares of Stewart Information Services in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their target price 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.

Stewart Information Services Stock Performance

Shares of Stewart Information Services stock traded down $1.17 on Wednesday, hitting $65.09. The stock had a trading volume of 91,684 shares, compared to its average volume of 170,492. The company’s 50 day moving average price is $69.09 and its 200 day moving average price is $69.37. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 25.03 and a beta of 1.05. The company has a current ratio of 1.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32. Stewart Information Services has a 52-week low of $58.28 and a 52-week high of $78.44.

Stewart Information Services (NYSE:STC) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Stewart Information Services will post 6.29 EPS for the current year.

Institutional Investors Weigh In On Stewart Information Services

Several institutional investors have recently modified their holdings of the company. First Citizens Bank & Trust Co. purchased a new stake in Stewart Information Services during the first quarter worth $218,000. Heritage Family Offices LLP grew its stake in Stewart Information Services by 8.8% in the 1st quarter. Heritage Family Offices LLP now owns 3,840 shares of the insurance provider’s stock valued at $274,000 after acquiring an additional 310 shares during the last quarter. GAMMA Investing LLC increased its holdings in Stewart Information Services by 9,252.7% during the 1st quarter. GAMMA Investing LLC now owns 27,684 shares of the insurance provider’s stock valued at $1,975,000 after acquiring an additional 27,388 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Stewart Information Services by 21.8% in the fourth quarter. Wellington Management Group LLP now owns 60,431 shares of the insurance provider’s stock valued at $4,078,000 after purchasing an additional 10,801 shares in the last quarter. Finally, Montchanin Asset Management LLC purchased a new position in shares of Stewart Information Services during the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.