Investors Title Company (NASDAQ:ITIC - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $224.55 and traded as high as $229.90. Investors Title shares last traded at $224.09, with a volume of 53,102 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen cut Investors Title from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.
Read Our Latest Analysis on ITIC
Investors Title Stock Up 1.5%
The stock has a market capitalization of $424.32 million, a PE ratio of 12.78 and a beta of 0.91. The company has a 50-day moving average of $208.27 and a 200 day moving average of $224.43.
Investors Title (NASDAQ:ITIC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $6.48 earnings per share for the quarter. Investors Title had a return on equity of 12.78% and a net margin of 12.28%.
Investors Title Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Investors Title's payout ratio is 10.53%.
Hedge Funds Weigh In On Investors Title
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new position in shares of Investors Title in the 2nd quarter valued at $27,000. Raymond James Financial Inc. acquired a new position in shares of Investors Title in the 4th quarter valued at $222,000. Invesco Ltd. acquired a new position in shares of Investors Title in the 4th quarter valued at $237,000. Trexquant Investment LP acquired a new position in shares of Investors Title in the 1st quarter valued at $244,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Investors Title in the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 41.40% of the company's stock.
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.
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