BTIG Research Increases Stewart Information Services (NYSE:STC) Price Target to $70.00

Stewart Information Services (NYSE:STC) had its price target lifted by analysts at BTIG Research from $68.00 to $70.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. BTIG Research’s price target would suggest a potential upside of 12.89% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Stephens reissued an “overweight” rating and set a $79.00 price target on shares of Stewart Information Services in a research note on Thursday, April 25th. Keefe, Bruyette & Woods upped their price target on shares of Stewart Information Services from $57.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Stewart Information Services has an average rating of “Moderate Buy” and a consensus price target of $69.33.

Stewart Information Services Stock Performance

NYSE:STC opened at $62.01 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.11 and a current ratio of 1.95. The stock’s fifty day moving average is $61.84 and its 200 day moving average is $56.27. The firm has a market capitalization of $1.70 billion, a PE ratio of 40.80 and a beta of 1.16. Stewart Information Services has a fifty-two week low of $38.40 and a fifty-two week high of $65.35.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, April 24th. The insurance provider reported $0.17 earnings per share (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 during the quarter. On average, sell-side analysts anticipate that Stewart Information Services will post 4.5 earnings per share for the current year.

Insider Activity

In other news, Director Matthew Morris sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $63.11, for a total value of $757,320.00. Following the completion of the sale, the director now owns 76,867 shares in the company, valued at approximately $4,851,076.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Stewart Information Services in the third quarter valued at about $236,000. Handelsbanken Fonder AB purchased a new position in shares of Stewart Information Services in the 3rd quarter worth approximately $206,000. Azarias Capital Management L.P. raised its stake in shares of Stewart Information Services by 107.8% during the 3rd quarter. Azarias Capital Management L.P. now owns 160,856 shares of the insurance provider’s stock worth $7,045,000 after acquiring an additional 83,452 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Stewart Information Services by 6.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,728 shares of the insurance provider’s stock valued at $645,000 after acquiring an additional 860 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Stewart Information Services by 215.1% in the third quarter. Nisa Investment Advisors LLC now owns 6,665 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 4,550 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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.