
Stewart Information slips after launching stock offering

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Stewart Information Services' shares dropped 2.6% to $71.88 after announcing a public offering of 1.9 million shares. Goldman Sachs and Citizens Capital Markets are managing the offering. Proceeds will be used for working capital and potential acquisitions. STC had 28 million shares outstanding as of September 30. The stock is rated "hold" by two brokerages, with a median price target of $80. STC is up 9.4% year-to-date.

