Stewart Information slides after pricing stock offering

Stewart Information Services

11/12/2025 12:37

** Real estate services company Stewart Information Services' STC.N shares fall 5.2% to $70 premarket

** Co prices public offering of 1.9 mln shares at $68 per share, a discount of nearly 8% to last close of $73.81

** Proceeds will be used for working capital and general purposes, including potential acquisition opportunities

** Co had 28.02 mln shares outstanding as of Wednesday's close, per data compiled by LSEG

 ** Goldman Sachs is lead book-running manager, while Citizens Capital Markets is book-running manager

** Two brokerages covering the co rate the stock "hold"; their median PT is $80.00 - LSEG

** Up to last close, STC up 9.4% YTD

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))