Stewart Information Services (NYSE:STC) PT Lowered to $61.00 at Keefe, Bruyette & Woods

Stewart Information Services (NYSE:STC) had its price target cut by equities researchers at Keefe, Bruyette & Woods from $64.00 to $61.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 1.99% from the stock’s previous close.

STC has been the subject of a number of other research reports. BTIG Research boosted their target price on 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 issued a $79.00 price target on shares of Stewart Information Services in a research note on Thursday, April 25th. Finally, StockNews.com upgraded Stewart Information Services from a “hold” rating to a “buy” rating in a research note on Friday, June 21st.

Stewart Information Services Stock Performance

NYSE:STC opened at $62.24 on Tuesday. The stock has a market cap of $1.72 billion, a P/E ratio of 40.95 and a beta of 1.21. The firm’s fifty day simple moving average is $62.73 and its 200 day simple moving average is $61.39. Stewart Information Services has a twelve month low of $38.40 and a twelve month high of $66.66. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33.

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

Institutional Trading of Stewart Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Stewart Information Services by 8.6% during 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 period. Keeley Teton Advisors LLC raised its holdings in Stewart Information Services by 8.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 52,686 shares of the insurance provider’s stock valued at $3,428,000 after buying an additional 3,964 shares during the period. Pitcairn Co. raised its holdings in Stewart Information Services by 9.2% during the 1st quarter. Pitcairn Co. now owns 6,877 shares of the insurance provider’s stock valued at $447,000 after buying an additional 577 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Stewart Information Services by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,885 shares of the insurance provider’s stock valued at $1,619,000 after buying an additional 835 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new stake in Stewart Information Services in the first quarter worth $395,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Stewart Information Services

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.