BTIG Research Boosts Stewart Information Services (NYSE:STC) Price Target to $80.00

Stewart Information Services (NYSE:STC) had its price objective hoisted by BTIG Research from $68.00 to $80.00 in a research note released on Monday, Benzinga reports. BTIG Research currently has a buy rating on the insurance provider’s stock.

A number of other equities analysts have also recently issued reports on STC. StockNews.com cut Stewart Information Services from a buy rating to a hold rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods reduced their target price on Stewart Information Services from $64.00 to $61.00 and set a market perform rating on the stock in a report on Tuesday, July 2nd. Finally, Stephens reaffirmed an overweight rating and set a $79.00 price target on shares of Stewart Information Services in a research report on Thursday, April 25th.

Stewart Information Services Price Performance

Shares of STC opened at $73.16 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33. Stewart Information Services has a 1 year low of $38.40 and a 1 year high of $74.46. The stock has a market cap of $2.02 billion, a P/E ratio of 48.13 and a beta of 1.21. The stock’s 50-day moving average price is $63.98 and its two-hundred day moving average price is $62.37.

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

Stewart Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, June 17th. Stewart Information Services’s dividend payout ratio is currently 125.00%.

Institutional Investors Weigh In On Stewart Information Services

Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System raised its position in Stewart Information Services by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the insurance provider’s stock valued at $863,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. raised its position in Stewart Information Services by 57.7% in the 2nd quarter. Blue Trust Inc. now owns 716 shares of the insurance provider’s stock valued at $47,000 after buying an additional 262 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Stewart Information Services by 1.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 83,944 shares of the insurance provider’s stock valued at $5,211,000 after buying an additional 1,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Stewart Information Services by 2.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,430 shares of the insurance provider’s stock valued at $337,000 after buying an additional 144 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Stewart Information Services by 8.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,119 shares of the insurance provider’s stock valued at $789,000 after buying an additional 959 shares during the last quarter. 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.