Stewart Information Services (NYSE:STC – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other research firms also recently weighed in on STC. Keefe, Bruyette & Woods lifted their target price on Stewart Information Services from $78.00 to $81.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Stewart Information Services in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.50.
Check Out Our Latest Report on STC
Stewart Information Services Stock Down 2.1%
Stewart Information Services (NYSE:STC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The insurance provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.22. The business had revenue of $791.30 million during the quarter, compared to analysts’ expectations of $737.30 million. Stewart Information Services had a return on equity of 8.57% and a net margin of 3.65%.The company’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Research analysts anticipate that Stewart Information Services will post 6.29 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Stewart Information Services by 2,735.8% during the second quarter. Farther Finance Advisors LLC now owns 1,503 shares of the insurance provider’s stock worth $98,000 after buying an additional 1,450 shares during the period. Squarepoint Ops LLC raised its stake in Stewart Information Services by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 22,679 shares of the insurance provider’s stock valued at $1,476,000 after acquiring an additional 15,299 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Stewart Information Services by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 118,127 shares of the insurance provider’s stock valued at $7,690,000 after acquiring an additional 9,622 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Stewart Information Services by 25.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 84,076 shares of the insurance provider’s stock worth $5,473,000 after acquiring an additional 16,821 shares during the period. Finally, American Century Companies Inc. lifted its position in Stewart Information Services by 52.6% during the 2nd quarter. American Century Companies Inc. now owns 50,705 shares of the insurance provider’s stock worth $3,301,000 after acquiring an additional 17,483 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.
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.
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