Stewart Information slips after launching stock offering

Stewart Information Services

10/12/2025 22:48

** Real estate services company Stewart Information Services' STC.N shares fall 2.6% to $71.88 in extended trading

** STC kicks off public offering of 1.9 million shares

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

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

** STC had 28 million outstanding shares as of September 30, according to prospectus

** The two brokerages covering the stock rate it "hold"; median PT $80 — data compiled by LSEG

** As of last close, STC up 9.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))