Stewart Information Services (NYSE:STC) Raised to Hold at Zacks Investment Research

Stewart Information Services (NYSE:STC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, August 7th.

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, ValuEngine raised shares of Stewart Information Services from a “hold” rating to a “buy” rating in a report on Friday, July 20th.

NYSE:STC traded up $0.06 during mid-day trading on Tuesday, reaching $44.78. 290,700 shares of the company’s stock were exchanged, compared to its average volume of 215,637. Stewart Information Services has a one year low of $34.48 and a one year high of $47.37. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 20.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.50 and a current ratio of 2.50.

Stewart Information Services (NYSE:STC) last released its earnings results on Wednesday, July 18th. The insurance provider reported $0.95 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.10). Stewart Information Services had a net margin of 2.28% and a return on equity of 7.58%. The firm had revenue of $492.87 million during the quarter. During the same quarter in the prior year, the company posted $0.79 earnings per share. sell-side analysts anticipate that Stewart Information Services will post 2.48 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in STC. Alliancebernstein L.P. increased its holdings in Stewart Information Services by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 36,107 shares of the insurance provider’s stock valued at $1,527,000 after buying an additional 4,680 shares during the period. Deutsche Bank AG boosted its stake in shares of Stewart Information Services by 192.6% in the 4th quarter. Deutsche Bank AG now owns 112,629 shares of the insurance provider’s stock valued at $4,763,000 after purchasing an additional 74,143 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Stewart Information Services by 45.3% in the 4th quarter. Guggenheim Capital LLC now owns 48,531 shares of the insurance provider’s stock valued at $2,053,000 after purchasing an additional 15,120 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Stewart Information Services by 29.2% in the 4th quarter. Two Sigma Advisers LP now owns 20,787 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 4,700 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Stewart Information Services in the 4th quarter valued at approximately $374,000. 84.45% 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 services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

Featured Story: Hedge Funds

Get a free copy of the Zacks research report on Stewart Information Services (STC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Stewart Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stewart Information Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply