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Stewart Information Services Corp  (STC)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 
Price: $63.2300 $0.25 0.397%
Day's High: $63.28 Week Perf: 3.06 %
Day's Low: $ 62.25 30 Day Perf: 2.55 %
Volume (M): 172 52 Wk High: $ 63.87
Volume (M$): $ 10,863 52 Wk Avg: $47.10
Open: $63.01 52 Wk Low: $36.01



 Market Capitalization (Millions $) 1,734
 Shares Outstanding (Millions) 27
 Employees 6,900
 Revenues (TTM) (Millions $) 2,257
 Net Income (TTM) (Millions $) 46
 Cash Flow (TTM) (Millions $) -15
 Capital Exp. (TTM) (Millions $) 38

Stewart Information Services Corp

We are a Delaware corporation formed in 1970. We and our predecessors have been engaged in the title business since 1893.
Stewart Information Services Corporation (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we believe in building strong relationships - and these partnerships are the cornerstone of every closing, every transaction and every deal.


Our international division delivers products and services protecting and promoting private land ownership worldwide. Currently, our primary international operations are in Canada, the United Kingdom, Central Europe, Latin America and Australia.

We report our business in three segments: title insurance and related services, mortgage services and corporate.

Title insurance and related services (title) include the functions of searching, examining, closing and insuring the condition of the title to real property. The title segment also includes certain ancillary services provided for Internal Revenue Code Section 1031 tax-deferred exchanges and home and personal insurance services.
Examination and closing. The purpose of a title examination is to ascertain the ownership of the property being transferred, debts that are owed on it and the scope of the title policy coverage. This involves searching for and examining documents such as deeds, mortgages, wills, divorce decrees, court judgments, liens, paving assessments and tax records.
At the closing or “settlement” of a sale transaction, the seller executes and delivers a deed to the new owner. The buyer typically signs new mortgage documents. Closing funds are then disbursed to the seller, the prior lender, real estate brokers, the title company and others. The documents are then recorded in the public records. A title insurance policy is generally issued to both the new lender and the owner.
Title insurance policies. Lenders in the United States generally require title insurance as a condition to making a loan on real estate, including securitized lending. This is to assure lenders of the priority of their lien position. The purchasers of the property want insurance to protect against claims that may arise against the title to the property. The face amount of the policy is normally the purchase price or the amount of the related loan.

Title insurance is substantially different from other types of insurance. Fire, auto, health and life insurance protect against future losses and events. In contrast, title insurance insures against losses from past events and seeks to protect the public by eliminating covered risks through the examination and settlement process. In essence, a title insurance policy provides a warranty to the policyholder that the title to the property is free from defects that might impair ownership rights. Most other forms of insurance provide protection for a limited period of time and, hence the policy must be periodically renewed. Title insurance, however, is issued for a one-time premium and the policy provides protection for as long as the owner owns the property or has liability in connection with the property. Also, a title insurance policy does not have a finite contract term, whereas most other lines of insurance have a definite beginning and ending date for coverage. Although a title insurance policy provides protection as long as the owner owns the property being covered, the title insurance company generally does not have information about which policies are still effective. Most other lines of insurance receive periodic premium payments and policy renewals thereby allowing the insurance company to know which policies are effective.
Losses. Losses on policies occur when a title defect is not discovered during the examination and settlement process. Reasons for losses include forgeries, misrepresentations, unrecorded or undiscovered liens, the failure to pay off existing liens, mortgage lending fraud, mishandling or defalcation of settlement funds, issuance by title agencies of unauthorized coverage and defending policyholders when covered claims are filed against their interest in the property.

Our mortgage services segment includes a diverse set of complementary products and services provided to enhance the mortgage and real estate markets. These services are provided principally through Stewart Lender Services (SLS) and PropertyInfo® Corporations Stewart Government Services.



   Company Address: 1360 Post Oak Blvd., Houston, 77056 TX
   Company Phone Number: 625-8100   Stock Exchange / Ticker: NYSE STC
   


Customers Net Income fell by STC's Customers Net Profit Margin fell to

-90.06 %

2.86 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FNF        2.02% 
ORI        0.83% 
• View Complete Report
   



Stewart Information Services Corp

Promising Future Outlook for Stewart Information Services Corp Despite Earnings Contraction



Stewart Information Services Corp (NYSE: STC) recently released its financial results for the three months ending December 31, 2023. Although the company experienced a decline in top and bottom-line numbers, there are several positive aspects that indicate a promising future. This article will discuss the company's financial performance, operational improvements, and potential growth opportunities.
Positive Operational Margins and Increased Operating Earnings
Despite the decrease in revenue and earnings per share (EPS) for the three-month period, Stewart Information Services Corp achieved a significant increase in its operating income and margin. Operating income rose to $367.93 million, indicating a 28.24% growth. The operating margin also increased impressively, reaching 63.2%. This improvement demonstrates the company's ability to efficiently manage its costs and increase profitability.

Stewart Information Services Corp

Stewart Information Services Corp Faces Steep -16.009% Revenue Decrease Amidst Challenging Business Environment in Q3 2023



Stewart Information Services Corp, a prominent player in the insurance brokerage industry, recently released its third-quarter financial report for 2023. Unfortunately, the report revealed concerning figures across the board, including declining net profit per share and revenue. This article aims to assess the bearish implications of these results and shed light on the company's deteriorating financial health.
Weak Financial Performance:
In the third quarter of 2023, Stewart Information Services Corp experienced a significant decline in net profit per share, plummeting by a staggering -52.78% compared to the same period last year. Revenue also suffered, falling by -16.009% year on year, amounting to $601.71 million versus $716.40 million previously. This concerning downturn in both top and bottom-line figures raises red flags for investors.

Stewart Information Services Corp

Stewart Information Services Corp Reports Disturbing Fall in Revenue, Triggering Concerns over Company's Performance in Q2 2023



Stewart Information Services Corp, a prominent Insurance Brokerage company, recently released its financial results for the second quarter of 2023. The report showcased declining earnings per share (EPS) and revenue compared to the previous year's figures. However, the company's operating margin improved significantly, while net margin experienced a slight setback. Let's dive deeper into the context of these financial results and their impact on the company's performance.
Earnings per Share and Revenue:
During the second quarter of 2023, Stewart Information Services Corp witnessed a significant decline in EPS, which plunged by -74.34% to $0.58 per share compared to $2.26 per share in the same period last year. Despite this decline, the company managed to turn its EPS positive from the negative $-0.30 reported in the preceding reporting season.

Stewart Information Services Corp

Stewart Information Services Corp (STC) Faces Alarming 38.5% Drop in Revenue during Q1 2023

Houston, Texas - Stewart Information Services Corp (STC) announced disappointing fiscal results for the span ending March 31, 2023, sending shockwaves through the investment community. The leading provider of mortgage and title services posted a massive -38.528% decline in revenue, which cratered to $524.31 million over the period, compared to $655.91 million a year earlier.
Perhaps even more unsettlingly, STC registered a net loss per share of $-0.30 over the fiscal period, marking a significant retreat from the $2.11 net profit per share in the same reporting period the previous year. From the previous reporting period, the company's income per share slumped from $0.49 per share, whereas revenue plummeted by -20.064%.






 

Stewart Information Services's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Stewart Information Services does not provide revenue guidance.

Earnings Outlook
Stewart Information Services Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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