Trexquant Investment LP Makes New Investment in Investors Title Company $ITIC

Key Points

• Trexquant Investment LP has made a new investment of approximately $244,000 in Investors Title Company, acquiring 1,013 shares in the first quarter.
• Other institutional investors, such as Citadel Advisors LLC, have also increased their stakes, with Citadel acquiring a new stake worth around $513,000 in the fourth quarter.
• Investors Title recently declared a $0.46 per share quarterly dividend, which will be paid to stockholders of record on September 2nd, reflecting a dividend yield of 0.7%.

Trexquant Investment LP acquired a new stake in Investors Title Company (NASDAQ:ITIC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,013 shares of the insurance provider's stock, valued at approximately $244,000.

A number of other hedge funds have also recently made changes to their positions in the company. Aristides Capital LLC boosted its stake in shares of Investors Title by 5.3% during the first quarter. Aristides Capital LLC now owns 11,920 shares of the insurance provider's stock valued at $2,874,000 after purchasing an additional 600 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Investors Title by 3.4% during the first quarter. Martingale Asset Management L P now owns 1,480 shares of the insurance provider's stock valued at $357,000 after purchasing an additional 49 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Investors Title by 22.3% during the first quarter. American Century Companies Inc. now owns 13,192 shares of the insurance provider's stock valued at $3,180,000 after purchasing an additional 2,404 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Investors Title during the first quarter valued at about $861,000. Finally, Invesco Ltd. boosted its stake in shares of Investors Title by 55.6% during the first quarter. Invesco Ltd. now owns 1,559 shares of the insurance provider's stock valued at $376,000 after purchasing an additional 557 shares in the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

Investors Title Stock Up 0.0%

Shares of ITIC stock traded up $0.06 during mid-day trading on Monday, reaching $254.84. 43,371 shares of the stock traded hands, compared to its average volume of 26,137. The stock's fifty day simple moving average is $228.48 and its two-hundred day simple moving average is $227.47. Investors Title Company has a 1-year low of $190.20 and a 1-year high of $290.40. The company has a market cap of $481.65 million, a price-to-earnings ratio of 14.58 and a beta of 0.87.

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

Investors Title Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Investors Title's payout ratio is currently 10.53%.

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.