Aviva PLC Acquires 1,299 Shares of Investors Title (NASDAQ:ITIC)

Aviva PLC raised its position in Investors Title (NASDAQ:ITIC - Free Report) by 136.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,254 shares of the insurance provider's stock after acquiring an additional 1,299 shares during the period. Aviva PLC owned about 0.12% of Investors Title worth $534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in Investors Title by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,127 shares of the insurance provider's stock worth $267,000 after acquiring an additional 189 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Investors Title by 11.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,079 shares of the insurance provider's stock worth $2,623,000 after acquiring an additional 1,153 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Investors Title by 68.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,497 shares of the insurance provider's stock valued at $1,301,000 after purchasing an additional 2,237 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Investors Title in the 4th quarter valued at $47,000. Finally, Vanguard Group Inc. raised its position in shares of Investors Title by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider's stock worth $17,774,000 after acquiring an additional 1,918 shares during the last quarter. Institutional investors own 41.40% of the company's stock.

Investors Title Price Performance

Shares of ITIC stock traded down $0.49 during trading hours on Thursday, reaching $227.01. The company had a trading volume of 540 shares, compared to its average volume of 12,772. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40. The company has a 50 day moving average of $232.98 and a 200 day moving average of $239.97. The firm has a market cap of $494.43 million, a price-to-earnings ratio of 13.82 and a beta of 0.84.

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

Investors Title Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Monday, March 24th. Investors Title's dividend payout ratio (DPR) is presently 11.20%.

Wall Street Analysts Forecast Growth

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

About Investors Title

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.