Revenue Update on Stewart Information Services Corp(NYSE:STC)

Stewart Information Services Corp(NYSE:STC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $489.44M. Analysts estimated a revenue of $569.04M. Earnings per share were $1.00. Analysts had estimated an EPS of $1.03.

Stewart Information Services Corp (STC) shares turned negative on Wednesdays trading session with the shares closing down -0.38 points or -0.88% at a volume of 2,36,462. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.485. The peak price level was also seen at $43.485 while the days lowest was $42.4. Finally the shares closed at $42.56. The 52-week high of the shares is $44.43 while the 52-week low is $30.34. According to the latest information available, the market cap of the company is $994 M.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, James M Chadwick (director) purchased 55,000 shares at $36.50 per share price.Also, On Apr 25, 2016, Steven Mark Lessack (Group President) sold 3,353 shares at $35.12 per share price.On Dec 17, 2015, Glenn H Clements (Group President-Direct Ops) sold 2,000 shares at $37.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Stewart Information Services Corporation is a title insurance and real estate services company. The Company offers its products and services through its direct operations network of approved agencies and other companies within the Stewart family of companies. It also provides loan origination and servicing support; loan review services; loss mitigation; Real estate owned (REO) asset management; collateral valuations; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges and technology to streamline the real estate process. The Company operates through three segments: title insurance and related services mortgage services and corporate. The Company’s customers include homebuyers and sellers residential and commercial real estate professionals mortgage lenders and servicers title agencies and real estate attorneys home builders and the United States and county governments.

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