GAMMA Investing LLC Increases Holdings in Investors Title (NASDAQ:ITIC)

GAMMA Investing LLC grew its stake in Investors Title (NASDAQ:ITIC - Free Report) by 132,500.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,304 shares of the insurance provider's stock after buying an additional 5,300 shares during the period. GAMMA Investing LLC owned approximately 0.28% of Investors Title worth $12,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ITIC. Citadel Advisors LLC purchased a new stake in shares of Investors Title during the 4th quarter valued at $513,000. Aviva PLC increased its stake in Investors Title by 136.0% in the fourth quarter. Aviva PLC now owns 2,254 shares of the insurance provider's stock valued at $534,000 after acquiring an additional 1,299 shares during the last quarter. Deutsche Bank AG raised its position in Investors Title by 33.6% during the fourth quarter. Deutsche Bank AG now owns 1,448 shares of the insurance provider's stock valued at $343,000 after purchasing an additional 364 shares in the last quarter. Northern Trust Corp raised its position in Investors Title by 6.5% during the fourth quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider's stock valued at $3,448,000 after purchasing an additional 892 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Investors Title by 6.7% during the fourth quarter. Bank of America Corp DE now owns 7,951 shares of the insurance provider's stock worth $1,882,000 after purchasing an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 41.40% of the company's stock.

Investors Title Stock Performance

ITIC traded up $3.88 during midday trading on Tuesday, hitting $200.24. The stock had a trading volume of 28,980 shares, compared to its average volume of 20,579. The company has a market cap of $377.65 million, a P/E ratio of 12.19 and a beta of 0.92. The business has a fifty day moving average of $228.49 and a 200 day moving average of $236.09. Investors Title has a 1 year low of $168.74 and a 1 year high of $290.40.

Investors Title (NASDAQ:ITIC - Get Free Report) last announced 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, June 13th. Investors Title's payout ratio is presently 11.72%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Investors Title from a "buy" rating to a "hold" rating in a research report 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.