Stewart prices public offering at $68 per share
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Dividend Yield: 3.2%
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Stewart Information Services Corporation (NYSE: STC) announced the pricing of its public offering of 1.9 million shares of common stock at $68 per share. The Houston-based real estate services company expects to raise approximately $129.2 million in gross proceeds before deducting underwriting discounts and commissions.
The offering is scheduled to close on December 12, 2025, subject to customary closing conditions. Underwriters have a 30-day option to purchase up to an additional 285,000 shares at the same price, which would increase gross proceeds to approximately $148.6 million if exercised in full.
Goldman Sachs & Co. LLC serves as lead book-running manager for the offering, with Citizens Capital Markets acting as book-running manager. Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods, and Stephens Inc. are serving as co-managers.
Stewart operates as a global real estate services company, providing title insurance, closing and settlement services, and mortgage industry solutions through its direct operations and network of providers. The company has filed a registration statement and preliminary prospectus supplement with the Securities and Exchange Commission, which became automatically effective upon filing.
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