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On May 7, 2025, Stewart Information Services Corporation, a company specializing in title insurance with a market capitalization of $1.8 billion, held its Annual Meeting of Stockholders. According to InvestingPro data, the company maintains a FAIR financial health score and has demonstrated consistent dividend payments for 23 consecutive years. A total of 24,772,278 shares were represented at the meeting, constituting a quorum. Several key decisions were made during this gathering.
The first proposal was the election of ten directors to serve until the 2026 Annual Meeting. All nominees were elected, with Thomas G. Apel receiving the most votes for and C. Allen Bradley, Jr. having the highest number of votes against.
The second proposal addressed the compensation of the company’s named executive officers. Shareholders approved the executive compensation detailed in the March 26, 2025, proxy statement on a non-binding advisory basis.
The third and final proposal was the ratification of KPMG LLP as the company’s Independent (LON:IOG) Registered Public Accounting Firm for the fiscal year ending December 31, 2025. This proposal was also ratified by the stockholders.
The results of the meeting reflect shareholder confidence in the current board and management’s compensation, as well as their choice of auditors for the upcoming year. This information is based on a press release statement.
In other recent news, Stewart Information Services Corp (NYSE:STC) reported its financial results for the first quarter of 2025. The company achieved a revenue of $612 million, surpassing the forecast of $603.55 million, while its earnings per share (EPS) fell short at $0.25 against the expected $0.35. Stewart’s Title segment saw an 11% growth in operating revenues, and the Real Estate Solutions segment grew by 17%, demonstrating resilience despite challenges in the housing market. Additionally, the company reported a net income of $3 million, equating to $0.11 per diluted share. Stewart’s total cash and investments were approximately $320 million, and stockholders’ equity stood at approximately $1.4 billion. Analysts from firms such as KBW and Stephens Inc. discussed the company’s performance, including concerns over potential fee cuts by the Texas Department of Insurance and the robustness of commercial activities. The company anticipates improved performance in the latter half of 2025, projecting double-digit growth in its commercial operations.
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