Zacks Investment Research Upgrades Stewart Information Services (STC) to “Hold”

Stewart Information Services (NYSE:STC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Stewart Information Services Corporation’s primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states, the District of Columbia and several foreign countries. Stewart also sells computer-related services and information, as well as mapping products and geographic information systems, to domestic and foreign governments and private entities. “

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Stewart Information Services in a research note on Friday, December 22nd.

Stewart Information Services (NYSE STC) opened at $42.59 on Wednesday. The company has a market cap of $1,012.35, a PE ratio of 20.00 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 has a fifty-two week low of $34.48 and a fifty-two week high of $48.03.

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

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Stewart Information Services by 1.6% in the second quarter. Arizona State Retirement System now owns 12,367 shares of the insurance provider’s stock valued at $561,000 after buying an additional 200 shares during the period. Adirondack Research & Management Inc. increased its stake in shares of Stewart Information Services by 0.6% in the second quarter. Adirondack Research & Management Inc. now owns 68,833 shares of the insurance provider’s stock valued at $3,124,000 after buying an additional 400 shares during the period. California Public Employees Retirement System increased its stake in shares of Stewart Information Services by 7.7% in the second quarter. California Public Employees Retirement System now owns 15,400 shares of the insurance provider’s stock valued at $699,000 after buying an additional 1,100 shares during the period. Flinton Capital Management LLC increased its stake in shares of Stewart Information Services by 102.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the insurance provider’s stock valued at $118,000 after buying an additional 1,316 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Stewart Information Services by 56.3% in the second quarter. SG Americas Securities LLC now owns 3,952 shares of the insurance provider’s stock valued at $179,000 after buying an additional 1,423 shares during the period. 86.63% of the stock is owned by institutional investors.

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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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