Zacks Investment Research upgraded shares of Stewart Information Services (NYSE:STC) from a sell rating to a hold rating in a research note released on Wednesday morning.

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 reissued a hold rating and issued a $46.00 price target on shares of Stewart Information Services in a report on Friday, December 22nd.

Shares of Stewart Information Services (NYSE:STC) opened at $42.30 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1,010.00, a P/E ratio of 19.77 and a beta of 0.92. Stewart Information Services has a 1-year low of $34.48 and a 1-year high of $48.03.

Stewart Information Services (NYSE:STC) last posted its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.25). The business had revenue of $498.05 million during the quarter, compared to analyst estimates of $470.30 million. Stewart Information Services had a net margin of 2.57% and a return on equity of 7.37%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. sell-side analysts anticipate that Stewart Information Services will post 2.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.20 annualized dividend and a yield of 2.84%. Stewart Information Services’s dividend payout ratio is presently 56.07%.

Hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC raised its holdings in Stewart Information Services by 17.2% during the third quarter. Fisher Asset Management LLC now owns 45,067 shares of the insurance provider’s stock worth $1,702,000 after purchasing an additional 6,624 shares during the last quarter. Vanguard Group Inc. raised its holdings in Stewart Information Services by 2.3% during the second quarter. Vanguard Group Inc. now owns 1,186,497 shares of the insurance provider’s stock worth $53,844,000 after purchasing an additional 26,489 shares during the last quarter. First Trust Advisors LP raised its holdings in Stewart Information Services by 37.4% during the third quarter. First Trust Advisors LP now owns 35,384 shares of the insurance provider’s stock worth $1,336,000 after purchasing an additional 9,632 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Stewart Information Services by 4.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 84,820 shares of the insurance provider’s stock worth $3,203,000 after purchasing an additional 3,280 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Stewart Information Services by 65.5% during the second quarter. Goldman Sachs Group Inc. now owns 146,869 shares of the insurance provider’s stock worth $6,665,000 after purchasing an additional 58,112 shares during the last quarter. 86.63% of the stock is owned by hedge funds and other 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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