Investors Title (NASDAQ:ITIC) to Issue Quarterly Dividend of $0.46

Investors Title (NASDAQ:ITIC - Get Free Report) declared a quarterly dividend on Wednesday, May 21st, RTT News reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.46 per share by the insurance provider on Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, June 13th.

Investors Title has increased its dividend by an average of 0.4% per year over the last three years.

Investors Title Price Performance

Shares of NASDAQ:ITIC traded down $0.07 during trading on Friday, reaching $229.73. 123,279 shares of the company were exchanged, compared to its average volume of 16,143. The firm has a market capitalization of $433.27 million, a PE ratio of 13.98 and a beta of 0.91. The business's fifty day simple moving average is $234.90 and its 200-day simple moving average is $240.79. Investors Title has a 12-month low of $162.54 and a 12-month high of $290.40.

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%.

Hedge Funds Weigh In On Investors Title

Several institutional investors have recently bought and sold shares of ITIC. Royal Bank of Canada grew its holdings 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 worth $949,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 worth $462,000 after purchasing an additional 142 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Investors Title in the first quarter worth $571,000. 41.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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