Overview

* Stewart Q3 revenue grows 19% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q3 beats consensus

* Net income for Q3 rises to $44.3 mln, driven by higher title revenues

Outlook

* Company did not provide specific guidance for future quarters or full year in the press release

Result Drivers

* TITLE REVENUE GROWTH - Title segment revenues increased 19% driven by direct and agency operations

* INVESTMENT INCOME - Higher investment income from escrow balances contributed to revenue growth

* TITLE LOSS EXPENSE - Decreased title loss expenses due to favorable claims experience

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $796.90 $737.30

Revenue mln mln (1

Analyst)

Q3 Beat $1.64 $1.38 (1

Adjusted Analyst)

EPS

Q3 Net $44.30

Income mln

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for Stewart Information Services Corp ( STC ) is $78.00, about 8.3% above its October 21 closing price of $71.50

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)