Strs Ohio Makes New Investment in Investors Title Company $ITIC

Key Points

• Strs Ohio has invested approximately $530,000 in Investors Title Company by purchasing 2,200 shares during the first quarter.
• Investors Title declared a quarterly dividend of $0.46 on September 15th, with an annualized dividend yield of 0.7%.
• The stock has a market cap of $480.34 million and reported quarterly earnings of $6.48 per share with a return on equity of 12.70%.

Strs Ohio purchased a new stake in shares of Investors Title Company (NASDAQ:ITIC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,200 shares of the insurance provider's stock, valued at approximately $530,000. Strs Ohio owned about 0.12% of Investors Title at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Investors Title during the first quarter valued at approximately $571,000. AQR Capital Management LLC boosted its stake in Investors Title by 8.0% in the first quarter. AQR Capital Management LLC now owns 1,917 shares of the insurance provider's stock valued at $462,000 after acquiring an additional 142 shares during the last quarter. Royal Bank of Canada boosted its stake in Investors Title by 2.3% in the first quarter. Royal Bank of Canada now owns 3,937 shares of the insurance provider's stock valued at $949,000 after acquiring an additional 88 shares during the last quarter. Trexquant Investment LP bought a new position in Investors Title in the first quarter valued at approximately $244,000. Finally, Aristides Capital LLC boosted its stake in Investors Title by 5.3% in the first quarter. Aristides Capital LLC now owns 11,920 shares of the insurance provider's stock valued at $2,874,000 after acquiring an additional 600 shares during the last quarter. 41.40% of the stock is owned by institutional investors.

Investors Title Stock Up 0.4%

ITIC stock traded up $1.13 during midday trading on Monday, reaching $255.28. The company's stock had a trading volume of 14,301 shares, compared to its average volume of 22,405. Investors Title Company has a 52 week low of $190.20 and a 52 week high of $290.40. The stock has a market cap of $482.48 million, a PE ratio of 14.60 and a beta of 0.87. The business's 50-day simple moving average is $233.22 and its 200-day simple moving average is $228.19.

Investors Title (NASDAQ:ITIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $6.48 earnings per share (EPS) for the quarter. Investors Title had a net margin of 12.28% and a return on equity of 12.70%.

Investors Title Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.46 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a yield of 0.7%. Investors Title's dividend payout ratio (DPR) is 10.53%.

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.