Bridgeway Capital Management LLC Trims Stock Holdings in Investors Title (NASDAQ:ITIC)

Bridgeway Capital Management LLC lowered its holdings in Investors Title (NASDAQ:ITIC - Free Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,579 shares of the insurance provider's stock after selling 3,300 shares during the period. Bridgeway Capital Management LLC owned approximately 0.24% of Investors Title worth $1,084,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Investors Title by 127.2% during the 3rd quarter. Barclays PLC now owns 2,406 shares of the insurance provider's stock worth $553,000 after acquiring an additional 1,347 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Investors Title by 187.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider's stock worth $749,000 after acquiring an additional 2,126 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Investors Title by 225.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider's stock worth $154,000 after acquiring an additional 450 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Investors Title by 21.0% during the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider's stock worth $146,000 after acquiring an additional 107 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Investors Title by 21.9% during the 4th quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider's stock worth $3,485,000 after acquiring an additional 2,648 shares during the period. Institutional investors own 41.40% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Investors Title from a "buy" rating to a "hold" rating in a research note on Monday.

Investors Title Stock Down 1.4%

NASDAQ ITIC traded down $3.38 on Wednesday, hitting $238.98. The company's stock had a trading volume of 40,491 shares, compared to its average volume of 13,987. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40. The company's 50-day moving average is $234.43 and its 200 day moving average is $240.56. The firm has a market cap of $520.50 million, a PE ratio of 14.55 and a beta of 0.91.

Investors Title (NASDAQ:ITIC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported $1.67 earnings per share for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Investors Title Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Monday, March 24th. Investors Title's payout ratio is 11.72%.

About Investors Title

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.