Investors Title (NASDAQ:ITIC) Upgraded at StockNews.com

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a report released on Wednesday.

Investors Title Stock Performance

Shares of ITIC stock traded up $4.89 during trading hours on Wednesday, hitting $251.47. 5,055 shares of the company were exchanged, compared to its average volume of 15,024. The company has a 50 day simple moving average of $230.59 and a two-hundred day simple moving average of $200.07. The firm has a market cap of $472.76 million, a P/E ratio of 16.64 and a beta of 0.85. Investors Title has a fifty-two week low of $141.41 and a fifty-two week high of $259.00.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share (EPS) for the quarter. The business had revenue of $65.38 million for the quarter. Investors Title had a return on equity of 11.16% and a net margin of 11.83%.

Investors Title Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, September 3rd. Investors Title’s payout ratio is currently 12.18%.

Institutional Trading of Investors Title

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of Investors Title by 455.8% in the third quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock valued at $55,000 after buying an additional 196 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Investors Title by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after buying an additional 169 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Investors Title in the third quarter valued at $117,000. Canal Capital Management LLC bought a new position in shares of Investors Title in the third quarter valued at $230,000. Finally, Rhumbline Advisers increased its holdings in shares of Investors Title by 9.1% in the second quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock valued at $376,000 after buying an additional 174 shares in the last quarter. 41.40% of the stock is owned by institutional investors.

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.