Stewart Information Services Corporation (STC) Announces Earnings Results

Stewart Information Services Corporation (NYSE:STC) posted its quarterly earnings results on Thursday. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.55 by $0.16. Stewart Information Services Corporation had a net margin of 2.76% and a return on equity of 9.32%. The business earned $525.80 million during the quarter, compared to analyst estimates of $496.85 million. During the same quarter in the previous year, the business posted $0.11 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.

Stewart Information Services Corporation (NYSE:STC) opened at 44.38 on Monday. The company’s 50 day moving average is $44.22 and its 200 day moving average is $44.90. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 23.99 and a beta of 0.85. Stewart Information Services Corporation has a 1-year low of $31.76 and a 1-year high of $48.60.

Earnings History for Stewart Information Services Corporation (NYSE:STC)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its stake in Stewart Information Services Corporation by 2.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,180 shares of the company’s stock valued at $230,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Stewart Information Services Corporation 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 in the last quarter. Teacher Retirement System of Texas raised its stake in Stewart Information Services Corporation 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 in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Stewart Information Services Corporation by 2.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 35,910 shares of the company’s stock worth $1,596,000 after buying an additional 723 shares in the last quarter. Finally, Clearline Capital LP raised its stake in Stewart Information Services Corporation by 6.5% in the third quarter. Clearline Capital LP now owns 20,831 shares of the company’s stock worth $926,000 after buying an additional 1,280 shares in the last quarter. 91.57% of the stock is owned by institutional investors.

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Several research firms have recently commented on STC. Zacks Investment Research upgraded shares of Stewart Information Services Corporation from a “sell” rating to a “hold” rating in a report on Thursday, December 22nd. Keefe, Bruyette & Woods lowered shares of Stewart Information Services Corporation from a “market perform” rating to an “underperform” rating and set a $40.00 price target for the company. in a report on Tuesday, December 13th. Finally, Stephens lowered shares of Stewart Information Services Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, December 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Stewart Information Services Corporation presently has a consensus rating of “Hold” and an average price target of $34.05.

About Stewart Information Services Corporation

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 three segments: title insurance and related services, mortgage services and corporate.

5 Day Chart for NYSE:STC

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