Investors Title Company (NASDAQ:ITIC - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $299.15 and last traded at $297.63, with a volume of 56682 shares. The stock had previously closed at $289.26.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ITIC shares. Wall Street Zen downgraded shares of Investors Title from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Weiss Ratings raised Investors Title from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy".
Check Out Our Latest Report on ITIC
Investors Title Trading Up 2.9%
The company's fifty day moving average is $280.44 and its 200 day moving average is $251.78. The company has a market cap of $562.52 million, a P/E ratio of 13.94 and a beta of 0.63.
Investors Title (NASDAQ:ITIC - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $7.73 earnings per share (EPS) for the quarter. Investors Title had a net margin of 13.80% and a return on equity of 14.62%. The business had revenue of $81.71 million during the quarter.
Investors Title Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st. Investors Title's dividend payout ratio (DPR) is presently 8.62%.
Institutional Trading of Investors Title
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Investors Title in the fourth quarter valued at about $36,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Investors Title by 34.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider's stock worth $48,000 after purchasing an additional 49 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Investors Title by 357.4% in the third quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider's stock worth $83,000 after purchasing an additional 243 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Investors Title in the second quarter worth about $100,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Investors Title by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider's stock valued at $201,000 after purchasing an additional 49 shares during the period. Institutional investors 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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.
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