Stewart Information Services (NYSE:STC) Price Target Raised to $84.00

Stewart Information Services (NYSE:STC) had its price objective raised by Keefe, Bruyette & Woods from $79.00 to $84.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

Stewart Information Services Stock Up 0.9 %

Shares of NYSE STC opened at $74.20 on Tuesday. Stewart Information Services has a 52-week low of $52.80 and a 52-week high of $78.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.94. The company’s 50 day moving average price is $71.79 and its 200-day moving average price is $69.61. The company has a market capitalization of $2.06 billion, a P/E ratio of 35.00 and a beta of 1.21.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. Stewart Information Services had a return on equity of 5.77% and a net margin of 2.47%. The firm had revenue of $667.94 million during the quarter, compared to the consensus estimate of $638.40 million. During the same period last year, the business posted $0.86 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Stewart Information Services will post 3.32 earnings per share for the current year.

Stewart Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, December 16th. Stewart Information Services’s dividend payout ratio (DPR) is 94.34%.

Insider Activity at Stewart Information Services

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of Stewart Information Services stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the completion of the sale, the director now directly owns 65,330 shares of the company’s stock, valued at approximately $4,842,259.60. The trade was a 16.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Stewart Information Services

Large investors have recently made changes to their positions in the company. FMR LLC raised its holdings in Stewart Information Services by 0.4% during the third quarter. FMR LLC now owns 2,488,342 shares of the insurance provider’s stock worth $185,979,000 after buying an additional 8,853 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Stewart Information Services by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,641,717 shares of the insurance provider’s stock valued at $122,702,000 after purchasing an additional 10,811 shares during the last quarter. State Street Corp increased its holdings in Stewart Information Services by 16.8% during the third quarter. State Street Corp now owns 1,247,762 shares of the insurance provider’s stock worth $93,258,000 after buying an additional 179,364 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Stewart Information Services by 7.2% in the third quarter. Victory Capital Management Inc. now owns 985,673 shares of the insurance provider’s stock valued at $73,669,000 after purchasing an additional 65,965 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Stewart Information Services by 906.9% during the 2nd quarter. Millennium Management LLC now owns 656,143 shares of the insurance provider’s stock valued at $40,733,000 after buying an additional 590,977 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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.