BidaskClub downgraded shares of Stewart Information Services Corporation (NYSE:STC) from a hold rating to a sell rating in a research report sent to investors on Saturday, August 5th.
Separately, Keefe, Bruyette & Woods restated 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 given a hold rating to the company’s stock. The company presently has an average rating of Sell and an average target price of $46.00.
Stewart Information Services Corporation (NYSE:STC) opened at 36.54 on Friday. The firm has a 50 day moving average of $41.52 and a 200-day moving average of $43.86. Stewart Information Services Corporation has a 52 week low of $36.35 and a 52 week high of $48.17. The company has a market capitalization of $867.50 million, a P/E ratio of 13.09 and a beta of 0.77.
Stewart Information Services Corporation (NYSE:STC) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by $0.24. Stewart Information Services Corporation had a net margin of 3.27% and a return on equity of 9.77%. The company had revenue of $485.50 million during the quarter, compared to analyst estimates of $503.05 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts forecast that Stewart Information Services Corporation will post $2.43 earnings per share for the current year.
In related news, insider Nicholas Galea sold 141,000 shares of Stewart Information Services Corporation stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $0.48, for a total transaction of $67,680.00. Over the last quarter, insiders have purchased 42,000 shares of company stock worth $33,020. 2.20% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. FMR LLC increased its stake in Stewart Information Services Corporation by 152.0% in the fourth quarter. FMR LLC now owns 76,981 shares of the insurance provider’s stock valued at $3,547,000 after buying an additional 46,432 shares in the last quarter. Teachers Advisors LLC increased its stake in Stewart Information Services Corporation by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 51,347 shares of the insurance provider’s stock valued at $2,366,000 after buying an additional 768 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Stewart Information Services Corporation by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the insurance provider’s stock valued at $420,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased 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 valued at $201,000 after buying an additional 320 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in Stewart Information Services Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 37,302 shares of the insurance provider’s stock valued at $1,648,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 94.23% 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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