Stewart Information Services Corp. (NYSE-STC) has been recognized by Forbes as one of the 50 Most Trustworthy Financial Companies in America. The rankings, determined by proprietary ratings provider and investment advisor GMI Ratings, recognize 50 financial and banking companies of more than 8,000 publicly-traded, North American companies analyzed.
“Operating with transparency and accountability has been integral to Stewart’s growth over the past 120 years, which makes this recognition particularly meaningful for us,” says Matt Morris, CEO of Stewart. “Stewart has been focused not only on reducing our risk profile, but also on aligning our product offerings with our customers’ needs in order to deliver high-quality, trusted services. It’s truly an honor to serve our customers and to be distinguished among the 50 most trustworthy financial companies in America.”
Factors that weigh into the evaluation of trustworthiness include high-risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk. The resulting “Aggressive Accounting and Governance Risk” (AGR) score of each company is averaged over the past four quarters. Those with the top 50 scores are noted as the most trustworthy.
Stewart was honored within the small cap category, which include companies with a market cap of $250 million to $1 billion.
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