Two Sigma Investments LP Sells 1,636 Shares of Investors Title (NASDAQ:ITIC)

Two Sigma Investments LP lowered its position in Investors Title (NASDAQ:ITIC - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,244 shares of the insurance provider's stock after selling 1,636 shares during the quarter. Two Sigma Investments LP owned approximately 0.23% of Investors Title worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ITIC. Vanguard Group Inc. grew its holdings in shares of Investors Title by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider's stock valued at $17,774,000 after purchasing an additional 1,918 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Investors Title by 21.9% in the fourth quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider's stock worth $3,485,000 after buying an additional 2,648 shares during the period. Northern Trust Corp lifted its stake in shares of Investors Title by 6.5% in the 4th quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider's stock valued at $3,448,000 after acquiring an additional 892 shares during the last quarter. Aristides Capital LLC boosted its holdings in Investors Title by 12.1% during the 4th quarter. Aristides Capital LLC now owns 11,320 shares of the insurance provider's stock valued at $2,680,000 after acquiring an additional 1,220 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Investors Title by 11.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,079 shares of the insurance provider's stock worth $2,623,000 after acquiring an additional 1,153 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Investors Title Trading Up 0.3%

NASDAQ ITIC traded up $0.49 on Monday, hitting $196.36. The company's stock had a trading volume of 72,383 shares, compared to its average volume of 20,487. Investors Title has a 52-week low of $168.74 and a 52-week high of $290.40. The firm has a market cap of $370.33 million, a P/E ratio of 11.95 and a beta of 0.92. The company's 50-day simple moving average is $229.90 and its 200 day simple moving average is $236.95.

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 net margin of 12.03% and a return on equity of 11.84%.

Investors Title Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.46 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a yield of 0.94%. Investors Title's dividend payout ratio (DPR) is 11.72%.

Investors Title 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.