Headquartered in Houston, TX Fiscal year ends December NYSE: STC stewart.com
Stewart Information Services Corporation (NYSE: STC) is a global real estate services company that provides title insurance, closing and settlement services, and specialized solutions for the mortgage and real estate industries. The company operates through two primary segments: Title, which offers residential and commercial title insurance through direct operations and a network of independent agents (Stewart Trusted Providers), and Real Estate Solutions (RES), which provides credit information, valuation services, and other ancillary real estate transaction services. Stewart recently expanded its RES segment through the acquisition of MCS, broadening its service capabilities. The company serves both domestic and international markets, with international operations contributing to its direct title revenues. Updated
Record quarterly revenue did not reach the bottom line: net income fell 31% to $30.3 million as other operating expenses jumped 38% and interest costs climbed on a bigger debt load. Both lines missed expectations, and CEO Fred Eppinger said the industry headwinds persist into next year.
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Stewart Information Services Corporation (NYSE: STC) is a global real estate services company that provides title insurance, closing and settlement services, and specialized solutions for the mortgage and real estate industries.
The Wall Street consensus 12-month price target for STC is $69.75.
