Short Interest in Investors Title Company (NASDAQ:ITIC) Increases By 23.8%

Investors Title Company (NASDAQ:ITIC - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 27,600 shares, a growth of 23.8% from the May 15th total of 22,300 shares. Based on an average daily trading volume, of 35,800 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.0% of the company's stock are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Investors Title from a "buy" rating to a "hold" rating in a report on Monday, May 12th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in Investors Title during the fourth quarter valued at about $513,000. Aviva PLC lifted its holdings in shares of Investors Title by 136.0% during the 4th quarter. Aviva PLC now owns 2,254 shares of the insurance provider's stock valued at $534,000 after purchasing an additional 1,299 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Investors Title by 33.6% during the 4th quarter. Deutsche Bank AG now owns 1,448 shares of the insurance provider's stock valued at $343,000 after purchasing an additional 364 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Investors Title by 6.7% in the 4th quarter. Bank of America Corp DE now owns 7,951 shares of the insurance provider's stock worth $1,882,000 after purchasing an additional 497 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Investors Title by 6.5% during the 4th quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider's stock worth $3,448,000 after buying an additional 892 shares during the last quarter. 41.40% of the stock is owned by institutional investors.

Investors Title Price Performance

NASDAQ ITIC traded down $3.14 during trading on Thursday, reaching $201.98. 71,371 shares of the company's stock traded hands, compared to its average volume of 21,246. Investors Title has a 12-month low of $173.29 and a 12-month high of $290.40. The firm has a market cap of $381.74 million, a price-to-earnings ratio of 12.86 and a beta of 0.92. The company's 50 day simple moving average is $225.82 and its two-hundred day simple moving average is $233.01.

Investors Title (NASDAQ:ITIC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported $1.67 earnings per share (EPS) for the quarter. Investors Title had a net margin of 11.37% and a return on equity of 11.44%.

Investors Title Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 0.91%. Investors Title's dividend payout ratio (DPR) is presently 11.72%.

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.