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Stewart Information Services Corp (STC.N)

STC.N on New York Stock Exchange

44.63USD
17 Aug 2018
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$0.07 (+0.16%)
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Latest Key Developments (Source: Significant Developments)

Stewart Information Services Says Stewart Will Be Obligated To Pay Termination Fee Of $33 Mln To FNF If Merger Terminated Due To Stewart’s Board
Monday, 19 Mar 2018 09:04am EDT 

March 19 (Reuters) - Fidelity National Financial Inc ::STEWART INFORMATION SERVICES SAYS STEWART WILL BE OBLIGATED TO PAY TERMINATION FEE OF $33 MILLION TO FNF IF MERGER TERMINATED DUE TO STEWART’S BOARD.  Full Article

Stewart Agrees To Be Acquired By Fidelity National Financial In $1.2 Bln Deal
Monday, 19 Mar 2018 08:01am EDT 

March 19 (Reuters) - Fidelity National Financial Inc ::STEWART ANNOUNCES AGREEMENT TO BE ACQUIRED BY FIDELITY NATIONAL FINANCIAL.STEWART INFORMATION SERVICES CORP - CASH AND STOCK DEAL VALUED AT APPROXIMATELY $1.2 BILLION.STEWART INFORMATION - SHAREHOLDERS WILL RECEIVE $25.00 IN CASH AND 0.6425 COMMON SHARES OF FIDELITY FOR EACH SHARE OF STEWART COMMON STOCK.STEWART INFORMATION SERVICES - ‍IF DEAL IS NOT COMPLETED , FIDELITY IS REQUIRED TO PAY A REVERSE BREAK-UP FEE OF $50 MILLION TO STEWART​.  Full Article

Fidelity National Financial Announces Signing Of Merger Agreement To Acquire Stewart Information Services
Monday, 19 Mar 2018 08:00am EDT 

March 19 (Reuters) - Fidelity National Financial Inc ::FIDELITY NATIONAL FINANCIAL, INC. ANNOUNCES SIGNING OF A MERGER AGREEMENT TO ACQUIRE STEWART INFORMATION SERVICES FOR $50 PER SHARE IN COMBINATION OF CASH AND FNF COMMON STOCK.DEAL FOR ABOUT $1.2 BILLION.‍CONSIDERATION WILL BE PAID 50% IN CASH AND 50% IN FNF COMMON STOCK​.‍STEWART STOCKHOLDERS WILL HAVE OPTION TO ELECT TO RECEIVE CONSIDERATION IN ALL CASH OR ALL STOCK.‍FNF INTENDS TO ACHIEVE AT LEAST $135 MILLION IN OPERATIONAL COST SYNERGIES AS PART OF DEAL​.‍CO EXPECTS DEAL TO BE AT LEAST 15% ACCRETIVE TO PRO FORMA 2017 ADJUSTED NET EPS AT THAT OPERATIONAL COST SYNERGY TARGET​.CO INTENDS TO FUND PURCHASE PRICE THROUGH COMBINATION OF CASH ON HAND AT FNF, DEBT FINANCING, ISSUANCE OF FNF STOCK.‍PURCHASE PRICE WILL BE ADJUSTED DOWN ON PRO-RATA BASIS, IF DIVESTITURES ARE NEEDED FOR REGULATORY APPROVALS FOR DEAL​.  Full Article

Stewart Q3 earnings per share $0.46
Monday, 6 Nov 2017 06:15am EST 

Nov 6 (Reuters) - Stewart Information Services Corp ::Stewart reports third quarter 2017 results.Q3 earnings per share $0.46.Q3 revenue fell 9 percent to $501.6 million.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Stewart Information Services Corp- ‍board has previously formed strategic committee which has been pursuing strategic alternatives available to co.Stewart Information Services Corp- ‍alternatives include business combinations, sale of co, and continuing to execute on co's standalone business plan​.Stewart Information Services Corp - ‍Q3 title revenues were "adversely" affected by business disruptions caused by hurricanes Harvey and Irma​.Stewart Information Services Corp- ‍hurricanes had approximately $4 million impact in pretax profits in quarter​.Stewart Information Services Corp- ‍average employee counts for Q3 of 2017 decreased about 7 percent from Q3 of 2016​.Stewart Information Services Corp - ‍has retained and will be assisted in strategic review process by Citi as financial advisor.  Full Article

Stewart names David Hisey as CFO
Wednesday, 30 Aug 2017 05:00pm EDT 

Aug 30 (Reuters) - Stewart Information Services Corp :Stewart names David Hisey as CFO.Stewart Information Services Corp - ‍David Hisey takes over for Allen Berryman, who announced his retirement plans earlier this year​.Stewart Information Services Corp - ‍Berryman will remain in an advisory role into fall to ensure a smooth transition​.  Full Article

Stewart reports results for second quarter 2017
Thursday, 20 Jul 2017 06:15am EDT 

July 20 (Reuters) - Stewart Information Services Corp :Stewart reports results for the second quarter 2017.Q2 earnings per share $0.79.Q2 earnings per share view $1.03 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $1.00 excluding items.Qtrly total revenue $485.5 million versus $489.4 million.  Full Article

Stewart reports Q1 revenue of $443.0 million
Thursday, 20 Apr 2017 06:15am EDT 

April 20 (Reuters) - Stewart Information Services Corp :Stewart reports results for the first quarter 2017.Q1 earnings per share $0.17.Q1 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.Stewart Information Services Corp says Q1 total title revenues increased $10.1 million, or 2.5 percent, from prior year quarter.Stewart Information Services Corp says Q1 total commercial revenues of $46.0 million, up 7.7 percent from prior year quarter.Qtrly total revenues $443.0 million versus $ 438.2 million.  Full Article

Stewart reports Q4 EPS $0.71
Thursday, 9 Feb 2017 06:15am EST 

Stewart Information Services Corp : Stewart reports results for the fourth quarter 2016 . Q4 earnings per share $0.71 . Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S . Qtrly total revenues $525.8 million versus $497.4 million . Chief financial officer (CFO) Allen Berryman has announced his plans to retire from company . Q4 revenue view $496.8 million -- Thomson Reuters I/B/E/S . Berryman will remain with company through transition to his successor .A formal search for a new cfo will start immediately.  Full Article