Stewart Information Services

Stewart Information Services Corp. is a real estate services company, which engages in the provision of title insurance and settlement-related services. It operates through the Title Insurance and Related Services, and Ancillary Services and Corporate segments. The Title Insurance and Related Services segment consists of searching, examining, closing, and insuring the condition of the title to real property. The Ancillary Services and Corporate segment includes its parent holding company, centralized administrative services departments, and ancillary service operations. The company was founded in 1893 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Stewart Information Services reports Q4 earnings, eyes market turnaround

Stewart Information Services navigated challenges in the purchase market but maintained a strong financial position and focused on operational improvements.
Despite revenue declines, the company saw improvements in order trends, hinting at a potential market turnaround.
Expense management and margin challenges remain focal points for executives, with opportunities for growth in the commercial market in 2023.
The company's performance in Q4 2022 reflects resilience amidst market headwinds and strategic focus on financial discipline and efficiency.

Stewart Information Services reports Q1 loss, focuses on margin improvement

Stewart Information Services navigated a challenging Q1 with a focus on improving performance and margins. Despite revenue declines, the company is strategically managing expenses and investing for long-term growth.

Stewart Information Services reports Q2 earnings, focuses on growth strategies

Stewart Information Services navigated market challenges in Q2 2023 with a focus on operational performance and customer-centric investments.
Despite revenue declines in the title segment, the company's strong financial position and strategic initiatives bode well for future growth.
Balancing expense management with investments in technology and talent remains crucial for Stewart's long-term success and profitability.
Stewart's commitment to enhancing customer experience and operational efficiency underscores its resilience and strategic vision for sustainable growth.

Stewart Information Services reports Q3 earnings amidst mortgage rate challenges

Stewart Information Services navigated short-term economic challenges from mortgage rate fluctuations while focusing on long-term goals. Market share gains in the commercial segment and a target of low double-digit margins by 2025 showcase the company's strategic direction.

Stewart Information Services navigates real estate challenges with strategic investments

Stewart Information Services faced challenges in the real estate market but maintained a solid financial position.
The company is focused on improving margins, growth, and resiliency through strategic investments.
Opportunities lie in margin improvements, expense management, and investments in technology for future performance.

Stewart Information Services reports solid Q1 earnings amidst market challenges

Stewart Information Services navigated Q1 2024 with solid financial performance, reporting net income of $3 million on total revenues of $554 million. The company's focus on strategic priorities, share gains, and operational efficiency positions it well for future growth.
Challenges include the impact of elevated mortgage rates on transaction volumes and the need to address concerns around sustainability of business run rate and margin trends. Opportunities in technology investments, talent retention, and potential M&A present avenues for future expansion and profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss first quarter 2023 earnings at 8:30 a.m. Eastern Time on Thursday, April 27, 2023. The call will follow the company's release of earnings after the close of trading on Wednesday, April 26. Individuals wishing to participate can dial (800) 343-4849 (USA) and (203) 518-9843 (International) – access code STCQ123.

Stewart Information Services Corporation Announces First Quarter 2023 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE-STC) today announced Ryan Swed has been promoted to the role of Head of U.S. Direct Operations, taking over the company's largest business operation. Swed will continue to report up through Steve Lessack, Group President. Previously, Swed held the role of Group Senior Vice President for Southwest operations, and took on the role of Head of National Commercial Services in September 2021.

Stewart Announces Ryan Swed as New Head of Direct Operations

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) today announced that Erin Sheckler has been promoted to the role of Head of National Commercial Services, reporting up through Steve Lessack, Group President. Sheckler has been with Stewart for three years as Senior Division President for the Pacific Northwest, responsible for managing and overseeing the direct operations strategy and growth in Alaska, Washington, Oregon, Idaho, and Montana.

Stewart Announces New Head of National Commercial Services

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Stewart Information Services (STC) Right Now?

For example, the recent STC share price of $41.06 represents a price-to-book ratio of 0.8 and an annual dividend yield of 4.38% — by comparison, the average company in Dividend Channel's coverage universe yields 3.9% and trades at a price-to-book ratio of 2.6.

This Stock Has A 4.38% Yield And Sells For Less Than Book

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) announced today that it has earned the 2023 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards.

Stewart Named a Winner of the 2023 Top Workplaces USA Award

HOUSTON--(BUSINESS WIRE)--Informative Research (IR), a subsidiary of Stewart Information Services Corporation (NYSE:STC), today announced the acquisition of the AccountChek® platform previously offered by FormFree. AccountChek is a digital verification of asset, income and employment service that drives insight into a consumer's financial profile and is available to customers through multiple channels. “At Stewart, we are continually investing in our capabilities to better serve customers.

Stewart Enhances Credit and Mortgage Analytics Capabilities by Acquiring AccountChek, a Leading Digital Asset, Income and Employment Verification Platform

Stewart Information Services' revenue grew 30% after ten years of stagnation due to acquisitions but saw a decline in revenue year-on-year with slow growth ahead. It has more than 10% market share in the title and related business but is still fourth amongst its significant peers, who hold nearly 75% of the market share.

Stewart Information Services: Series Of Acquisitions But Depleting Revenues A Concern

The real estate title company has been hurt by a struggling housing market

Why Stewart Information Stock Fell 11.4% This Week

Stewart Information Services Corporation (NYSE:STC ) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Brian Glaze - Chief Accounting Officer Fred Eppinger - Chief Executive Officer David Hisey - Chief Financial Officer Conference Call Participants John Campbell - Stephens Bose George - KBW Geoffrey Dunn - Dowling & Partners Operator Hello and thank you for joining the Stewart Information Services Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Stewart Information Services Corporation (STC) Q4 2022 Earnings Call Transcript

Total revenues of $655.9 million ($643.2 million on an adjusted basis) compared to $961.7 million ($955.2 million on an adjusted basis) in the prior year quarter Net income of $13.3 million ($16.3 million on an adjusted basis) compared to $85.5 million ($83.7 million on an adjusted basis) in the prior year quarter Diluted EPS of $0.49 ($0.60 on an adjusted basis) compared to prior year quarter diluted EPS of $3.12 ($3.05 on an adjusted basis) HOUSTON , Feb. 8, 2023 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart for the fourth quarter 2022 of $13.3 million ($0.49 per diluted share), compared to net income attributable to Stewart of $85.5 million ($3.12 per diluted share) for the fourth quarter 2021. On an adjusted basis, Stewart's fourth quarter 2022 net income was $16.3 million ($0.60 per diluted share) compared to $83.7 million ($3.05 per diluted share) in the fourth quarter 2021.

Stewart Reports Fourth Quarter 2022 Results

HOUSTON--( BUSINESS WIRE )--Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss fourth quarter 2022 earnings at 8:30 a.m. Eastern Time on Thursday, February 9, 2023. The call will follow the company's release of earnings after the close of trading on Wednesday, February 8. Individuals wishing to participate can dial (800) 274-8461 (USA) and (203) 518-9843 (International) – access code STCQ422. The conference call replay will be available from 11 a.m. Eastern Time on February 9, 2023 until midnight on February 16, 2023 by dialing (800) 839-2383 (USA) or (402) 220-7202 (International). Additionally, participants can listen to the conference call through STC's Investor Relations website at http://www.stewart.com/investor-relations/earnings-call.html.

Stewart Information Services Corporation Announces Fourth Quarter 2022 Earnings Conference Call

Banco Bilbao Vizcaya Argentaria

Citigroup

Bancolombia

Customers Bancorp

KB Financial Group

New York Community Bancorp

With a stressful year behind us, it's time to buy undervalued stocks, including the seven bargain financial stocks we'll discuss today. Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates.

7 Bargain Financial Stocks Selling Below Their Book Value

HOUSTON--( BUSINESS WIRE )--Stewart Information Services Corporation (NYSE:STC) today announced the acquisition of BCHH, a leader in offering solutions and expertise to individual and institutional Investors and Lenders, a growing market segment driven by evolving macroeconomic factors and consumer demand.

Stewart Enhances Capabilities for Institutional Real Estate Customers with Acquisition of BCHH

HOUSTON--( BUSINESS WIRE )--Stewart Information Services Corporation (NYSE:STC) announced today that its Community Service Awards program has been named a silver winner in the ‘Best New CSR Program of the Year' category by Best in Biz Awards. Best in Biz Awards is the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.

Stewart's Community Service Awards Program Honored by 12th Annual Best in Biz Awards

HOUSTON--(BUSINESS WIRE)--Stewart Title today announced that Anne McCauley has been hired as the new Group Senior Vice President for the company's West region, responsible for overseeing Direct Operations in California and Arizona.

Stewart Title Hires New Group Senior Vice President for Company's West Region Direct Operations

Stewart Information Services Corporation (NYSE:STC ) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Brian Glaze - Chief Accounting Officer Frederick Eppinger - Chief Executive Officer David Hisey - Chief Financial Officer Conference Call Participants John Campbell - Stephens Geoffrey Dunn - Dowling & Partners Operator Hello and thank you for joining the Stewart Information Services Third Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode.

Stewart Information Services Corporation (STC) Q3 2022 Earnings Call Transcript

Total revenues of $716.4 million ($722.8 million on an adjusted basis) compared to $836.7 million ($833.8 million on an adjusted basis) in the prior year quarter Net income of $29.4 million ($37.5 million on an adjusted basis) compared to $88.7 million ($86.4 million on an adjusted basis) in the prior year quarter Diluted EPS of $1.08 ($1.37 on an adjusted basis) compared to prior year quarter diluted EPS of $3.26 ($3.17 on an adjusted basis) HOUSTON , Oct. 26, 2022 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart for the third quarter 2022 of $29.4 million ($1.08 per diluted share), compared to net income attributable to Stewart of $88.7 million ($3.26 per diluted share) for the third quarter 2021. On an adjusted basis, Stewart's third quarter 2022 net income was $37.5 million ($1.37 per diluted share) compared to $86.4 million ($3.17 per diluted share) in the third quarter 2021.

Stewart Reports Third Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) today announced its Board of Directors has agreed with Frederick H.

Stewart Announces Contract Extension for CEO Fred Eppinger

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corp. (NYSE: STC) announced today it will hold a conference call to discuss third quarter 2022 earnings at 8:30 a.m.

Stewart Information Services Corporation Announces Third Quarter 2022 Earnings Conference Call

HOUSTON , Oct. 17, 2022 /PRNewswire/ -- Stewart Information Services Corporation (NYSE:STC) today announced the planned retirement of John Killea, Chief Legal Officer and Chief Compliance Officer, effective early next year. Killea joined Stewart in 2000, serving as Chief Legal Officer and Chief Compliance Officer since 2011.

Stewart Announces Retirement of Chief Legal Officer John Killea and Hiring of Elizabeth Giddens as its Next Chief Legal Officer

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) today announced that Stewart Valuation Intelligence, LLC (SVI) has been verified to support Freddie Mac's new Property Data Report (PDR) with VALIDITY Pro and its national panel of highly trained real estate brokers and agents. VALIDITY is the company's family of inspection applications, optimized for mobile phones or tablets. With VALIDITY Pro, an SVI broker or agent conducts a full property inspection to collect Fre

Stewart Valuation Intelligence, LLC is Verified to Support Freddie Mac's Property Data Report with VALIDITY Pro

HOUSTON , Sept. 1, 2022 /PRNewswire/ -- Stewart Information Services Corporation (NYSE:STC) today announced a dividend increase that reflects the company's continuing commitment to return capital to its shareholders.

STEWART INFORMATION SERVICES CORPORATION ANNOUNCES 20% DIVIDEND INCREASE AND DECLARES THIRD QUARTER DIVIDEND

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) today announced that Brian Webster has been hired as the new President for NotaryCam, a Stewart-owned company and pioneering leader in online notarization and original provider of mortgage eClosing solutions. In this role, Webster will lead NotaryCam's strategic growth and focus on expanding the company's remote online notarization (RON) products and services, with an emphasis on increasing mortgage and real estate ad

Stewart Signals Importance of Technology with Hiring of Brian Webster to Lead NotaryCam

HOUSTON--(BUSINESS WIRE)--Stewart Title announced today that Wilhelmina Kightlinger has been hired as Deputy Chief Underwriting Counsel for its National Commercial Services group, joining the National Commercial Services Underwriting Leadership team of Don Wade, Chief Underwriting Counsel of National Commercial Services and Shawn Elpel, Deputy Chief Underwriting Counsel of the group. “Stewart has for years been a national leader and trusted partner when it comes to underwriting,” said Kightling

News for Stewart Information Services Stock (STC)