Does Stewart’s US$129.2 Million Equity Raise And New Shelf Registration Change The Bull Case For STC?

Simplywall
2025.12.21 19:25
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Stewart Information Services raised $129.2 million through a follow-on equity offering and filed an omnibus shelf registration. This move enhances its financial flexibility, potentially affecting investor views on dilution and future funding. The equity raise shifts focus to capital deployment but doesn't change the core catalyst of housing activity. The balance sheet is now more flexible, but high credit data and employee costs remain concerns. Stewart projects $3.4 billion revenue and $214.5 million earnings by 2028, with a fair value estimate of $80.00 per share.