Welcome to our dedicated page for Stewart Info news (Ticker: STC), a resource for investors and traders seeking the latest updates and insights on Stewart Info stock.
News and updates for Stewart Information Services Corporation (NYSE: STC) focus on its role as a global real estate services company specializing in title insurance, closing and settlement services, and solutions for the mortgage and real estate industries. Company announcements highlight how Stewart uses its direct operations, Stewart Trusted Providers™ network, and family of companies to support residential and commercial real estate transactions.
Investors and industry professionals following STC news will see regular disclosures about financial results, including quarterly earnings releases that break down performance in the Title and Real Estate Solutions segments. These releases provide detail on title revenues, agency and direct operations, real estate solutions revenues, investment income, and segment-level profitability, along with commentary on factors driving changes in revenue and expenses.
Stewart’s news flow also includes capital markets activity and corporate finance developments, such as the pricing and completion of registered public offerings of common stock under a shelf registration statement on Form S-3, and the entry into a senior unsecured credit agreement that provides a revolving credit facility for general corporate purposes and strategic acquisitions. These items are typically reported through press releases and current reports on Form 8-K.
Another recurring theme in STC news is strategic expansion of its real estate services platform. Recent announcements describe an agreement to acquire the mortgage services of Mortgage Contracting Services (MCS), adding property preservation services that support default servicing for lender and servicer customers, and leadership updates at Informative Research, a Stewart company providing credit, consumer, and real estate data and technology services. News items also cover product and service launches such as FINCEN Reporting Services (FRS), a technology-based solution to help title and closing customers meet FinCEN Anti-Money Laundering reporting requirements.
Dividend declarations by the Board of Directors and participation in investor conferences are additional topics covered in Stewart’s news releases. For users tracking STC, this news page offers a centralized view of earnings announcements, acquisitions, capital raising, credit facilities, regulatory and compliance-related offerings, and corporate governance developments that shape the company’s position in the title insurance and real estate services market.
Stewart Information Services Corporation (NYSE:STC) declared a cash dividend of $0.33 per share for the first quarter of 2021. This dividend will be paid on March 31, 2021, to shareholders on record as of March 15, 2021. The company specializes in real estate services, offering a range of products including title insurance and closing services, contributing to strong relationships in the industry.
Stewart Information Services Corporation (NYSE:STC) has announced its acquisition of Signature Closers, LLC. This strategic move aims to enhance Stewart's digital capabilities by integrating Signature Closers' notary services with its existing platforms, including NotaryCam and CertifID. CEO Fred Eppinger emphasized that the acquisition will simplify and secure the title and closing process for customers. Signature Closers will continue to operate, offering extensive signing support through a network of compliant notary agents, further advancing Stewart's mission to provide superior real estate services.
Stewart Information Services Corporation (NYSE – STC) has announced a 10% increase in its annual cash dividend, raising it to $1.32 per share. This increase will commence with the first quarterly payment in 2021, reflecting the company's commitment to return capital to shareholders. CEO Fred Eppinger highlighted strong fourth-quarter and year-end revenue growth across all business lines as a key driver for this decision, emphasizing improved margins and cash flow management.
Stewart Information Services Corporation (NYSE: STC) reported a remarkable fourth quarter in 2020, achieving a net income of $59.7 million ($2.22 per diluted share), a significant improvement from a break-even result in Q4 2019. Adjusted net income rose 174% to $56.4 million, while total revenues surged to $736.7 million, up 44% year-over-year. The title segment drove growth with a 36% revenue increase, and pretax income skyrocketed by 367%. Despite increased operating expenses, effective cost management and acquisitions bolstered profitability. The firm anticipates a stable 2021 loss ratio compared to 2020.
Stewart Information Services Corp. (NYSE: STC) has scheduled a conference call for February 11, 2021, at 8:30 a.m. ET to discuss its fourth quarter 2020 earnings. The earnings release will occur after the market closes on February 10, 2021. Interested participants can join by calling (866) 342-8591 (USA) or (203) 518-9713 (International) with access code STCQ420. A replay will be available from February 11-18, 2021. Stewart provides various real estate services, including title insurance and settlement services.
Stewart Title Limited has announced the opening of a new underwriting office in Malta, named Stewart Title Europe Limited, to manage transactions within the European Union. This strategic move aims to enhance services in Europe and is overseen by Tomasz Klodowski, Managing Director. CEO Fred Eppinger emphasized the expansion as a critical component for future growth and service excellence. The Malta office will maintain local underwriting expertise, ensuring customer satisfaction with reliable title insurance solutions. Transactions in the UK will still be processed by Stewart Title Limited.
Quisitive Technology Solutions has formed a strategic partnership with Stewart Title to enhance application development and migrate to Microsoft Azure. This collaboration, stemming from a previous successful engagement, aims to accelerate Stewart's capability to develop digitized applications, enhancing customer experience. Stewart will now be able to launch fully operational products within 45 days, a significant reduction from the previous timeline. Quisitive will provide IT services for Microsoft's initiatives, positioning both companies for future growth.
Stewart Information Services Corporation (NYSE:STC) has announced its acquisition of NotaryCam®, a leader in online notarization and mortgage eClosing solutions. This strategic acquisition aims to enhance Stewart's digital offerings in the title and closing process. By integrating NotaryCam's innovative technology, Stewart intends to improve customer service and expand its market reach beyond the real estate sector. The acquisition is positioned to be immediately accretive, reflecting Stewart's goal of becoming a premier title services provider.
Stewart Information Services Corporation (NYSE:STC) has declared a cash dividend of $0.30 per share for the fourth quarter of 2020. This will be payable on December 31, 2020, to stockholders of record as of December 15, 2020. The announcement highlights the company's commitment to returning value to its shareholders amidst a challenging economic climate.
Stewart has partnered with CertifID to combat wire fraud in real estate transactions. This collaboration allows Stewart's network of offices to securely send wire instructions, enhancing customer safety. CertifID has protected over $30 billion in wire transfers, providing up to $1 million in insurance coverage against fraud. The partnership aims to safeguard businesses and consumers amidst rising wire fraud incidents, with Stewart emphasizing its commitment to customer protection and premier title services.
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