STEWART INFORMATION SERVICES CORPORATION

(STC)
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Delayed Nyse  -  05/20 04:00:01 pm EDT
55.85 USD   -1.31%
05/13STEWART INFORMATION SERVICES CORP : Change in Directors or Principal Officers (form 8-K)
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05/06STEWART INFORMATION SERVICES CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
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Stewart Acquires Majority Interest in Great American Title Company

01/11/2022 | 06:46am EDT

Stewart Information Services Corporation (NYSE-STC) today announced the acquisition of a majority interest in Great American Title Company (GATCO). GATCO is a leading provider of title and escrow services in the Greater Houston Metropolitan area, with the ability to operate in 38 counties across Texas. The acquisition creates additional scale in the area and continues to demonstrate Stewart’s commitment to investing in key markets on its mission to become the Premier Title Services Company.

“By adding GATCO to the Stewart family of companies, we join forces with one of the area’s most respected brands and further strengthen our presence throughout the Greater Houston area,” said Stewart Group President Steve Lessack. “GATCO’s long history of providing high-quality customer service and their established local relationships are a testament to the teams they’ve built. This acquisition further enhances Stewart’s ability to provide best-in-class products and services throughout the area, and emphasizes our commitment to investing in key markets across the country.”

“GATCO is invested in each of our customer’s success, and as we’ve gotten to know Stewart’s leadership, we have seen the same commitment to customer excellence,” said Ronnie Matthews, Chairman and Principal of GATCO. “This acquisition only strengthens our core philosophy of making the transaction process seamless and efficient. With the ability to leverage Stewart’s financial strength and an expanded set of tools, we can continue to improve the transaction experience. We are excited about the opportunities joining the Stewart family presents for our employees, leadership team and customers.”

About Stewart

Stewart (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 are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at stewart.com.


© Business Wire 2022
All news about STEWART INFORMATION SERVICES CORPORATION
05/13STEWART INFORMATION SERVICES CORP : Change in Directors or Principal Officers (form 8-K)
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05/06STEWART INFORMATION SERVICES CORP Management's Discussion and Analysis of Financial Co..
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05/02INSIDER BUY : Stewart Information Services
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Financials (USD)
Sales 2022 3 194 M - -
Net income 2022 231 M - -
Net Debt 2022 - - -
P/E ratio 2022 6,63x
Yield 2022 2,69%
Capitalization 1 509 M 1 509 M -
Capi. / Sales 2022 0,47x
Capi. / Sales 2023 0,49x
Nbr of Employees 7 300
Free-Float 97,7%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 55,85 $
Average target price 78,67 $
Spread / Average Target 40,9%
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Managers and Directors
Frederick H. Eppinger President, Chief Executive Officer & Director
David C. Hisey Chief Financial Officer, Secretary & Treasurer
Thomas G. Apel Chairman
Brad Rable Chief Information Officer
Steven M. Lessack Group President-International Operations