Citadel Advisors LLC Acquires Shares of 2,166 Investors Title (NASDAQ:ITIC)

Citadel Advisors LLC acquired a new position in Investors Title (NASDAQ:ITIC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,166 shares of the insurance provider's stock, valued at approximately $513,000. Citadel Advisors LLC owned 0.12% of Investors Title as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. bought a new position in Investors Title during the fourth quarter valued at approximately $47,000. SG Americas Securities LLC boosted its stake in Investors Title by 21.0% during the fourth quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider's stock valued at $146,000 after buying an additional 107 shares during the last quarter. Raymond James Financial Inc. bought a new position in Investors Title during the fourth quarter valued at approximately $222,000. Invesco Ltd. bought a new position in Investors Title during the fourth quarter valued at approximately $237,000. Finally, Wells Fargo & Company MN boosted its stake in Investors Title by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,127 shares of the insurance provider's stock valued at $267,000 after buying an additional 189 shares during the last quarter. Institutional investors own 41.40% of the company's stock.

Investors Title Stock Down 3.5%

Investors Title stock traded down $6.94 during midday trading on Wednesday, reaching $193.09. 111,966 shares of the stock traded hands, compared to its average volume of 19,790. The stock's fifty day moving average is $232.74 and its 200-day moving average is $238.96. Investors Title has a 12 month low of $167.80 and a 12 month high of $290.40. The stock has a market cap of $364.17 million, a P/E ratio of 11.75 and a beta of 0.91.

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

Investors Title Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a yield of 0.95%. Investors Title's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Investors Title from a "buy" rating to a "hold" rating in a research note on Monday, May 12th.

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.