Shares of Investors Title (NASDAQ:ITIC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $241.00 and traded as high as $252.46. Investors Title shares last traded at $246.75, with a volume of 78,398 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Investors Title from a "buy" rating to a "hold" rating in a report on Monday, May 12th.
View Our Latest Stock Analysis on ITIC
Investors Title Price Performance
The business has a 50-day moving average of $234.60 and a 200 day moving average of $240.60. The company has a market capitalization of $433.27 million, a PE ratio of 13.98 and a beta of 0.91.
Investors Title (NASDAQ:ITIC - Get Free Report) last posted its earnings results on Thursday, May 8th. The insurance provider reported $1.67 earnings per share for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.
Investors Title Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.46 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 0.80%. Investors Title's dividend payout ratio is currently 11.72%.
Institutional Investors Weigh In On Investors Title
Several institutional investors have recently modified their holdings of the stock. Aviva PLC increased its position in shares of Investors Title by 136.0% during the 4th quarter. Aviva PLC now owns 2,254 shares of the insurance provider's stock valued at $534,000 after purchasing an additional 1,299 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Investors Title by 187.5% during the third quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider's stock worth $749,000 after buying an additional 2,126 shares during the period. Vanguard Group Inc. increased its position in Investors Title by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider's stock valued at $17,774,000 after acquiring an additional 1,918 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Investors Title in the fourth quarter valued at $222,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Investors Title by 225.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider's stock valued at $154,000 after buying an additional 450 shares during the period. 41.40% of the stock is owned by institutional investors.
About Investors Title
(
Get Free Report)
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.
Further Reading
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