Investors Title (NASDAQ:ITIC) Sees Large Volume Increase - Should You Buy?

Key Points

• Investors Title shares saw unusually heavy trading volume, with 60,726 shares changing hands—74% above the prior session—while the stock traded near $295.42.
• Analyst sentiment remains broadly positive: Weiss Ratings upgraded the stock to “buy,” while Wall Street Zen downgraded it to “hold”; MarketBeat reports a consensus “Buy” rating.
• The company reported quarterly EPS of $7.73 on $81.71 million in revenue, with a 13.80% net margin and 14.62% return on equity. It also declared a $0.46 quarterly dividend, equal to a 0.6% yield.

Shares of Investors Title Company (NASDAQ:ITIC - Get Free Report) saw unusually-strong trading volume on Tuesday . 60,726 shares were traded during mid-day trading, an increase of 74% from the previous session's volume of 34,930 shares.The stock last traded at $295.4150 and had previously closed at $297.97.

Wall Street Analyst Weigh In

ITIC has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Investors Title from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. Wall Street Zen lowered shares of Investors Title from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Investors Title Price Performance

The firm has a market capitalization of $555.98 million, a PE ratio of 13.78 and a beta of 0.61. The firm's fifty day moving average is $287.57 and its two-hundred day moving average is $253.81.

Investors Title (NASDAQ:ITIC - Get Free Report) last issued its quarterly earnings data 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.6%. Investors Title's dividend payout ratio is currently 8.62%.

Institutional Trading of Investors Title

A number of hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in Investors Title in the 4th quarter valued at $36,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Investors Title by 34.0% during the 4th 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. boosted its holdings in shares of Investors Title by 357.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider's stock worth $83,000 after buying an additional 243 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Investors Title in the 2nd quarter worth about $100,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Investors Title by 6.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider's stock worth $201,000 after buying an additional 49 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors.

Investors Title Company Profile

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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