Stewart Information Services (STC) Rating Increased to Buy at Zacks Investment Research

Stewart Information Services (NYSE:STC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $48.00 target price on the insurance provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.68% from the company’s current price.

According to Zacks, “Stewart Information Services Corporation’s primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states, the District of Columbia and several foreign countries. Stewart also sells computer-related services and information, as well as mapping products and geographic information systems, to domestic and foreign governments and private entities. “

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 price objective on shares of Stewart Information Services in a research note on Friday, December 22nd.

Shares of Stewart Information Services (NYSE:STC) traded up $0.51 during mid-day trading on Wednesday, hitting $42.98. 100,159 shares of the stock were exchanged, compared to its average volume of 208,769. Stewart Information Services has a 12 month low of $34.48 and a 12 month high of $48.03. The firm has a market capitalization of $1,012.82, a price-to-earnings ratio of 20.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.00 and a quick ratio of 3.00.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Monday, November 6th. The insurance provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.25). Stewart Information Services had a net margin of 2.57% and a return on equity of 7.37%. The business had revenue of $498.05 million during the quarter, compared to analyst estimates of $470.30 million. During the same quarter in the prior year, the company earned $1.12 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. equities research analysts anticipate that Stewart Information Services will post 2.17 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in STC. Dimensional Fund Advisors LP lifted its position in shares of Stewart Information Services by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,966,472 shares of the insurance provider’s stock valued at $74,254,000 after acquiring an additional 26,682 shares during the period. Vanguard Group Inc. increased its holdings in Stewart Information Services by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,186,497 shares of the insurance provider’s stock worth $53,844,000 after buying an additional 26,489 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Stewart Information Services by 13.6% in the 3rd quarter. Wells Fargo & Company MN now owns 763,468 shares of the insurance provider’s stock worth $28,829,000 after buying an additional 91,643 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in Stewart Information Services by 33.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 616,724 shares of the insurance provider’s stock worth $23,288,000 after buying an additional 155,770 shares in the last quarter. Finally, State Street Corp increased its holdings in Stewart Information Services by 5.7% in the 2nd quarter. State Street Corp now owns 590,383 shares of the insurance provider’s stock worth $26,789,000 after buying an additional 31,896 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors.

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About Stewart Information Services

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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