Short Interest in Investors Title (NASDAQ:ITIC) Decreases By 9.8%

Investors Title (NASDAQ:ITIC) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 16,600 shares, a decline of 9.8% from the September 15th total of 18,400 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 20,400 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Investors Title from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

Institutional Trading of Investors Title

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in Investors Title by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 169 shares during the period. SG Americas Securities LLC bought a new position in Investors Title during the third quarter worth $117,000. Bridge City Capital LLC raised its stake in Investors Title by 17.9% during the first quarter. Bridge City Capital LLC now owns 1,877 shares of the insurance provider’s stock worth $306,000 after buying an additional 285 shares during the last quarter. Rhumbline Advisers raised its stake in Investors Title by 9.1% during the second quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock worth $376,000 after buying an additional 174 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Investors Title by 55.0% during the second quarter. Ritholtz Wealth Management now owns 2,480 shares of the insurance provider’s stock worth $447,000 after buying an additional 880 shares during the last quarter. Institutional investors own 41.40% of the company’s stock.

Investors Title Stock Performance

ITIC traded up $6.39 on Wednesday, reaching $236.40. The company had a trading volume of 5,705 shares, compared to its average volume of 10,035. Investors Title has a fifty-two week low of $127.71 and a fifty-two week high of $236.78. The stock has a market cap of $445.38 million, a P/E ratio of 17.45 and a beta of 0.85. The company’s fifty day moving average is $222.29 and its 200 day moving average is $190.17.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $4.70 EPS for the quarter. The business had revenue of $65.38 million for the quarter. Investors Title had a net margin of 11.25% and a return on equity of 10.32%.

Investors Title Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, September 3rd. Investors Title’s dividend payout ratio is currently 13.90%.

Investors Title Company Profile

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies.