Stewart Information director Thomas Apel buys $95,470 in stock
Stewart Information director Thomas Apel buys $95,470 in stock
Thomas G. Apel, a director at Stewart Information Services Corp. (NASDAQ:STC), acquired common stock totaling $95,470 on October 23, 2026. The transactions involved the purchase of 2,000 shares, with prices ranging between $47.47 and $48.00 per share.
The director purchased 1,000 shares at a price of $48.00 each, and an additional 1,000 shares at $47.47 per share. Following these transactions, Mr. Apel directly holds 46,182 shares of Stewart Information Services Corp. common stock.The insider purchase comes as STC stock trades near its 52-week low of $42.73, down 17.6% over the past week. According to InvestingPro analysis, the stock appears undervalued with a Fair Value of $62.44 compared to its current price of $42.96, placing it among the platform’s Most Undervalued stocks. The company maintains a dividend yield of 5% and trades at a P/E ratio of 10.82.
In other recent news, Stewart Information Services reported its third-quarter 2026 financial results, which fell short of analyst expectations. The company announced adjusted earnings per share of $1.33, missing the anticipated $1.56. Revenue for the quarter was $900.68 million, slightly below the forecasted $908.8 million. The company attributed the disappointing results to a rapid rise in mortgage rates, which has affected the residential housing market. These developments have raised concerns among investors about the company’s future performance. Additionally, the earnings miss highlights challenges in the current economic environment for Stewart Information Services. Analysts and investors will likely be watching closely for any strategic moves the company might take in response to these challenges.