Investors Title Company (NASDAQ:ITIC - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $224.82 and traded as high as $247.67. Investors Title shares last traded at $247.54, with a volume of 22,712 shares trading hands.
Analysts Set New Price Targets
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 Report on Investors Title
Investors Title Price Performance
The firm has a market cap of $449.18 million, a price-to-earnings ratio of 13.60 and a beta of 0.91. The firm's fifty day moving average is $212.15 and its two-hundred day moving average is $224.86.
Investors Title (NASDAQ:ITIC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $6.48 EPS for the quarter. Investors Title had a net margin of 12.28% and a return on equity of 12.70%.
Investors Title Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 2nd. Investors Title's payout ratio is presently 10.53%.
Institutional Trading of Investors Title
Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC bought a new stake in shares of Investors Title in the 2nd quarter valued at approximately $27,000. Raymond James Financial Inc. bought a new stake in shares of Investors Title in the fourth quarter valued at approximately $222,000. Invesco Ltd. bought a new stake in shares of Investors Title in the fourth quarter valued at approximately $237,000. Trexquant Investment LP bought a new stake in shares of Investors Title in the first quarter valued at approximately $244,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Investors Title in the second quarter valued at $224,000. Institutional investors and hedge funds own 41.40% of the company's stock.
Investors Title Company Profile
(
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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.
See Also
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