Two Sigma Investments LP Decreases Stake in Investors Title (NASDAQ:ITIC)

Two Sigma Investments LP decreased its holdings in shares of Investors Title (NASDAQ:ITIC - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,244 shares of the insurance provider's stock after selling 1,636 shares during the quarter. Two Sigma Investments LP owned 0.23% of Investors Title worth $1,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ITIC. Mountain Hill Investment Partners Corp. purchased a new stake in Investors Title in the 4th quarter valued at about $47,000. SG Americas Securities LLC increased its position in shares of Investors Title by 21.0% during the fourth 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. Raymond James Financial Inc. bought a new stake in shares of Investors Title during the fourth quarter valued at approximately $222,000. Invesco Ltd. purchased a new stake in shares of Investors Title in the fourth quarter valued at approximately $237,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Investors Title by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,127 shares of the insurance provider's stock valued at $267,000 after purchasing an additional 189 shares during the period. Institutional investors own 41.40% of the company's stock.

Wall Street Analyst Weigh In

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

Investors Title Trading Up 0.9%

Shares of NASDAQ:ITIC traded up $1.66 during trading on Friday, reaching $195.87. The stock had a trading volume of 57,440 shares, compared to its average volume of 20,279. Investors Title has a one year low of $168.74 and a one year high of $290.40. The company has a market capitalization of $369.41 million, a P/E ratio of 11.92 and a beta of 0.92. The firm's 50-day simple moving average is $229.90 and its 200 day simple moving average is $237.26.

Investors Title (NASDAQ:ITIC - Get Free Report) last issued its quarterly earnings results 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 0.94%. Investors Title's dividend payout ratio (DPR) is presently 11.72%.

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.