Investors Title (NASDAQ:ITIC) Sees Large Volume Increase - Still a Buy?

Investors Title (NASDAQ:ITIC - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 24,203 shares traded hands during trading, an increase of 85% from the previous session's volume of 13,057 shares.The stock last traded at $231.85 and had previously closed at $229.42.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Investors Title from a "hold" rating to a "buy" rating in a report on Saturday, March 22nd.

Investors Title Trading Up 3.3 %

The firm's 50-day simple moving average is $233.58 and its two-hundred day simple moving average is $240.37. The company has a market cap of $524.20 million, a PE ratio of 14.65 and a beta of 0.84.

Investors Title (NASDAQ:ITIC - Get Free Report) last issued its earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. The company had revenue of $70.63 million during the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.

Investors Title Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.84 annualized dividend and a yield of 0.76%. Investors Title's dividend payout ratio (DPR) is presently 11.20%.

Institutional Trading of Investors Title

Several institutional investors and hedge funds have recently bought and sold shares of ITIC. GAMMA Investing LLC raised its holdings in shares of Investors Title by 132,500.0% during the first quarter. GAMMA Investing LLC now owns 5,304 shares of the insurance provider's stock worth $12,790,000 after purchasing an additional 5,300 shares during the last quarter. Bank of New York Mellon Corp grew its position in Investors Title by 21.9% during the 4th quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider's stock worth $3,485,000 after purchasing an additional 2,648 shares during the period. American Century Companies Inc. raised its stake in shares of Investors Title by 27.1% during the 4th quarter. American Century Companies Inc. now owns 10,788 shares of the insurance provider's stock valued at $2,554,000 after buying an additional 2,303 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Investors Title by 68.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,497 shares of the insurance provider's stock valued at $1,301,000 after buying an additional 2,237 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Investors Title in the 4th quarter valued at about $513,000. 41.40% of the stock is currently owned by institutional investors and hedge funds.

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.