Investors Title (NASDAQ:ITIC - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $230.82, but opened at $225.89. Investors Title shares last traded at $230.65, with a volume of 7,040 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Investors Title from a "hold" rating to a "buy" rating in a research report on Saturday, March 22nd.
Read Our Latest Stock Report on ITIC
Investors Title Trading Up 3.3 %
The company has a market cap of $524.20 million, a price-to-earnings ratio of 14.65 and a beta of 0.84. The company has a fifty day moving average price of $233.58 and a two-hundred day moving average price of $240.38.
Investors Title (NASDAQ:ITIC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The business had revenue of $70.63 million for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.
Investors Title Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a dividend of $0.46 per share. 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 is 11.20%.
Institutional Investors Weigh In On Investors Title
A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in Investors Title by 33.2% in the third quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider's stock valued at $482,000 after acquiring an additional 523 shares during the last quarter. Barclays PLC raised its holdings in Investors Title by 127.2% during the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider's stock worth $553,000 after acquiring an additional 1,347 shares in the last quarter. Geode Capital Management LLC raised its position in Investors Title by 2.5% during the third quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider's stock worth $7,648,000 after acquiring an additional 809 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Investors Title by 187.5% in the third quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider's stock valued at $749,000 after buying an additional 2,126 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Investors Title by 225.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider's stock worth $154,000 after buying an additional 450 shares during the period. 41.40% of the stock is currently owned by institutional investors.
Investors Title Company Profile
(
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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