Stewart Information Services Corp (STC) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 46 from a previous price target of $37 . FBR Capital advised their investors in a research report released on Jul 22, 2016.
On the company’s financial health, Stewart Information Services Corp reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.98. The company had revenue of $489.40 million for the quarter, compared to analysts expectations of $567.04 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.
Stewart Information Services Corp closed down -0.38 points or -0.88% at $42.56 with 2,36,462 shares getting traded on Wednesday. Post opening the session at $43.02, the shares hit an intraday low of $42.4 and an intraday high of $43.485 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 16, 2016, James M Chadwick (director) purchased 55,000 shares at $36.50 per share price. According to the SEC, on Apr 25, 2016, Steven Mark Lessack (Group President) sold 3,353 shares at $35.12 per share price. On Dec 17, 2015, Glenn H Clements (Group President-Direct Ops) sold 2,000 shares at $37.69 per share price, according to the Form-4 filing with the securities and exchange commission.
Stewart Information Services Corporation is a title insurance and real estate services company. The Company offers its products and services through its direct operations network of approved agencies and other companies within the Stewart family of companies. It also provides loan origination and servicing support; loan review services; loss mitigation; Real estate owned (REO) asset management; collateral valuations; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges and technology to streamline the real estate process. The Company operates through three segments: title insurance and related services mortgage services and corporate. The Company’s customers include homebuyers and sellers residential and commercial real estate professionals mortgage lenders and servicers title agencies and real estate attorneys home builders and the United States and county governments.