BidaskClub Downgrades Stewart Information Services Corporation (STC) to Sell

BidaskClub cut shares of Stewart Information Services Corporation (NYSE:STC) from a hold rating to a sell rating in a research report sent to investors on Sunday, July 30th.

Separately, Keefe, Bruyette & Woods reiterated a sell rating and issued a $41.00 price target on shares of Stewart Information Services Corporation in a research note on Tuesday, May 30th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has an average rating of Sell and a consensus target price of $46.00.

Shares of Stewart Information Services Corporation (STC) traded down 0.97% during trading on Friday, hitting $37.59. 220,705 shares of the stock were exchanged. The firm has a market capitalization of $892.42 million, a price-to-earnings ratio of 13.47 and a beta of 0.77. Stewart Information Services Corporation has a 52 week low of $37.40 and a 52 week high of $48.60. The stock’s 50 day moving average price is $42.68 and its 200 day moving average price is $44.09.

Stewart Information Services Corporation (NYSE:STC) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.24. The business had revenue of $485.50 million during the quarter, compared to the consensus estimate of $503.05 million. Stewart Information Services Corporation had a return on equity of 9.77% and a net margin of 3.27%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, equities analysts predict that Stewart Information Services Corporation will post $2.43 earnings per share for the current year.

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In related news, insider Nicholas Galea sold 141,000 shares of the stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $0.48, for a total value of $67,680.00. Over the last quarter, insiders purchased 42,000 shares of company stock valued at $33,020. 2.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in STC. SG Americas Securities LLC purchased a new stake in Stewart Information Services Corporation during the first quarter worth $112,000. Salem Investment Counselors Inc. raised its stake in Stewart Information Services Corporation by 4,691.7% in the first quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the insurance provider’s stock worth $113,000 after buying an additional 2,252 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Stewart Information Services Corporation by 7.5% in the first quarter. State of Alaska Department of Revenue now owns 4,590 shares of the insurance provider’s stock worth $201,000 after buying an additional 320 shares in the last quarter. LMR Partners LLP purchased a new stake in Stewart Information Services Corporation during the second quarter worth $228,000. Finally, Mason Street Advisors LLC raised its stake in Stewart Information Services Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 5,465 shares of the insurance provider’s stock worth $241,000 after buying an additional 358 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

About Stewart Information Services Corporation

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

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