Investors Title (NASDAQ:ITIC - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $190.17 and traded as high as $230.98. Investors Title shares last traded at $230.98, with a volume of 5,741 shares changing hands.
Separately, StockNews.com lowered Investors Title from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th.
View Our Latest Report on ITIC
The firm has a 50 day moving average price of $222.29 and a two-hundred day moving average price of $190.17. The company has a market cap of $435.17 million, a price-to-earnings ratio of 17.45 and a beta of 0.85.
Investors Title (NASDAQ:ITIC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share (EPS) for the quarter. Investors Title had a return on equity of 10.32% and a net margin of 11.25%. The company had revenue of $65.38 million for the quarter.
The business also recently declared 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 0.80%. The ex-dividend date was Tuesday, September 3rd. Investors Title's payout ratio is 13.90%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in Investors Title by 41.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider's stock valued at $581,000 after purchasing an additional 1,037 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Investors Title by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider's stock worth $104,000 after buying an additional 169 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Investors Title by 55.0% in the second quarter. Ritholtz Wealth Management now owns 2,480 shares of the insurance provider's stock worth $447,000 after acquiring an additional 880 shares during the period. American Century Companies Inc. grew its holdings in Investors Title by 27.0% during the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider's stock valued at $680,000 after buying an additional 803 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Investors Title by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider's stock worth $702,000 after purchasing an additional 175 shares in the last quarter. 41.40% of the stock is owned by institutional investors.
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.
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