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

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

Several other research firms also recently issued reports on STC. Stephens reaffirmed an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research note on Thursday, April 25th. BTIG Research lifted their price target on Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Keefe, Bruyette & Woods cut their price target on Stewart Information Services from $64.00 to $61.00 and set a “market perform” rating for the company in a research note on Tuesday.

Stewart Information Services Price Performance

Shares of NYSE STC traded down $0.38 during trading on Tuesday, hitting $61.86. 182,398 shares of the company were exchanged, compared to its average volume of 201,216. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 40.70 and a beta of 1.21. Stewart Information Services has a 1 year low of $38.40 and a 1 year high of $66.66. The firm’s fifty day moving average price is $62.70 and its 200 day moving average price is $61.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.95.

Stewart Information Services (NYSE:STC) last issued its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 EPS for the quarter. The company had revenue of $554.32 million for the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. On average, sell-side analysts expect that Stewart Information Services will post 4.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Stewart Information Services in the 1st quarter valued at about $111,000. Heritage Wealth Management LLC acquired a new position in shares of Stewart Information Services during the 4th quarter valued at about $216,000. Truist Financial Corp acquired a new position in shares of Stewart Information Services during the 4th quarter valued at about $247,000. Capstone Investment Advisors LLC acquired a new position in shares of Stewart Information Services during the 1st quarter valued at about $283,000. Finally, ARGA Investment Management LP acquired a new position in shares of Stewart Information Services during the 4th quarter valued at about $293,000. Institutional investors and hedge funds 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.