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

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

A number of other research firms have also recently weighed in on STC. BTIG Research upped their price objective on shares of Stewart Information Services from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Stephens restated an “overweight” rating and set a $79.00 price objective on shares of Stewart Information Services in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Stewart Information Services from $64.00 to $61.00 and set a “market perform” rating for the company in a research report on Tuesday.

Stewart Information Services Stock Performance

Shares of NYSE:STC traded down $0.38 during trading on Tuesday, hitting $61.86. 182,398 shares of the stock traded hands, compared to its average volume of 201,216. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 40.70 and a beta of 1.21. The company has a fifty day moving average price of $62.70 and a two-hundred day moving average price of $61.42. Stewart Information Services has a 52-week low of $38.40 and a 52-week high of $66.66.

Stewart Information Services (NYSE:STC) last posted its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share for the quarter. The firm had revenue of $554.32 million during the quarter. Stewart Information Services had a net margin of 1.83% and a return on equity of 4.69%. As a group, equities analysts predict that Stewart Information Services will post 4.24 EPS for the current year.

Institutional Investors Weigh In On Stewart Information Services

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Stewart Information Services in the first quarter valued at about $111,000. Heritage Wealth Management LLC purchased a new stake in shares of Stewart Information Services in the fourth quarter valued at about $216,000. Truist Financial Corp purchased a new stake in shares of Stewart Information Services in the fourth quarter valued at about $247,000. Capstone Investment Advisors LLC purchased a new stake in shares of Stewart Information Services in the first quarter valued at about $283,000. Finally, ARGA Investment Management LP purchased a new stake in shares of Stewart Information Services in the fourth quarter valued at about $293,000. 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.