Stewart Information Services (STC) Earns Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of Stewart Information Services (NYSE:STC) in a report issued on Friday. Keefe, Bruyette & Woods currently has a $46.00 target price on the insurance provider’s stock.

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Stewart Information Services from a sell rating to a strong sell rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of Stewart Information Services from a hold rating to a sell rating in a report on Saturday, November 18th.

Shares of Stewart Information Services (NYSE STC) opened at $43.11 on Friday. Stewart Information Services has a one year low of $34.48 and a one year high of $48.03. The stock has a market cap of $1,050.00, a price-to-earnings ratio of 20.14 and a beta of 0.92. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.21.

Stewart Information Services (NYSE:STC) last announced its earnings results on Monday, November 6th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.25). The business had revenue of $498.05 million for the quarter, compared to analyst estimates of $470.30 million. Stewart Information Services had a return on equity of 7.37% and a net margin of 2.57%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. equities analysts expect that Stewart Information Services will post 2.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. Stewart Information Services’s dividend payout ratio (DPR) is presently 56.07%.

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in shares of Stewart Information Services by 380.4% during the third quarter. Public Employees Retirement System of Ohio now owns 13,207 shares of the insurance provider’s stock worth $499,000 after buying an additional 10,458 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Stewart Information Services by 8.4% during the third quarter. California Public Employees Retirement System now owns 16,701 shares of the insurance provider’s stock worth $631,000 after buying an additional 1,301 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Stewart Information Services during the third quarter worth about $288,000. OxFORD Asset Management LLP grew its position in shares of Stewart Information Services by 6.5% during the third quarter. OxFORD Asset Management LLP now owns 79,338 shares of the insurance provider’s stock worth $2,997,000 after buying an additional 4,826 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Stewart Information Services by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,966,472 shares of the insurance provider’s stock worth $74,254,000 after buying an additional 26,682 shares in the last quarter. Institutional investors own 86.63% of the company’s stock.

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Stewart Information Services Company Profile

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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