Trade Report: Today: Stewart Information Services Corp. (STC) Receives Consensus Recommendation of “Hold” from Brokerages

Today: Stewart Information Services Corp. (STC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Stewart Information Services Corp. (NYSE:STC) have received a consensus rating of “Hold” from the seven brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $32.56.

Several equities analysts have recently issued reports on STC shares. Janney Montgomery Scott downgraded shares of Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a research note on Wednesday, August 31st. Langen Mcalenn downgraded shares of Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a research note on Wednesday, August 31st. Finally, Zacks Investment Research raised shares of Stewart Information Services Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th.

In other news, insider John L. Killea sold 5,000 shares of the stock in a transaction on Friday, October 21st. The shares were sold at an average price of $44.95, for a total transaction of $224,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arnaud Ajdler sold 157,046 shares of the stock in a transaction on Monday, October 24th. The stock was sold at an average price of $45.10, for a total transaction of $7,082,774.60. Following the sale, the director now owns 5,311 shares of the company’s stock, valued at $239,526.10. The disclosure for this sale can be found here. Insiders own 4.41% of the company’s stock.

Large investors have recently bought and sold shares of the company. LSV Asset Management bought a new stake in Stewart Information Services Corp. during the second quarter worth approximately $111,000. Public Employees Retirement System of Ohio boosted its stake in Stewart Information Services Corp. by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,691 shares of the company’s stock worth $111,000 after buying an additional 206 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Stewart Information Services Corp. by 18.4% in the second quarter. Teacher Retirement System of Texas now owns 2,885 shares of the company’s stock worth $119,000 after buying an additional 449 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Stewart Information Services Corp. during the second quarter worth approximately $120,000. Finally, PineBridge Investments L.P. boosted its stake in Stewart Information Services Corp. by 11.1% in the second quarter. PineBridge Investments L.P. now owns 2,962 shares of the company’s stock worth $123,000 after buying an additional 297 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Stewart Information Services Corp. (NYSE:STC) traded up 0.42% during mid-day trading on Monday, reaching $47.51. 52,898 shares of the company’s stock were exchanged. Stewart Information Services Corp. has a 12 month low of $30.34 and a 12 month high of $48.60. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 38.16 and a beta of 0.94. The stock has a 50-day moving average of $45.23 and a 200-day moving average of $43.18.

Stewart Information Services Corp. (NYSE:STC) last released its quarterly earnings results on Thursday, October 20th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.08. The firm earned $553.20 million during the quarter, compared to the consensus estimate of $534.08 million. Stewart Information Services Corp. had a net margin of 2.09% and a return on equity of 7.82%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. Analysts anticipate that Stewart Information Services Corp. will post $2.37 earnings per share for the current year.

Related posts

Leave a Comment