Stewart Information slides after pricing stock offering

Real estate services company Stewart Information Services' STC.N shares fall 5.2% to $70 premarket

Co prices public offering of 1.9 mln shares at $68 per share, a discount of nearly 8% to last close of $73.81

Proceeds will be used for working capital and general purposes, including potential acquisition opportunities

Co had 28.02 mln shares outstanding as of Wednesday's close, per data compiled by LSEG

Goldman Sachs is lead book-running manager, while Citizens Capital Markets is book-running manager

Two brokerages covering the co rate the stock "hold"; their median PT is $80.00 - LSEG

Up to last close, STC up 9.4% YTD