Investors Title (NASDAQ:ITIC) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a research report released on Wednesday.

Investors Title Price Performance

NASDAQ ITIC opened at $232.07 on Wednesday. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40. The company has a market cap of $437.22 million, a PE ratio of 15.36 and a beta of 0.92. The stock’s 50 day simple moving average is $257.62 and its 200-day simple moving average is $227.00.

Investors Title Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $14.46 per share. This is a boost from Investors Title’s previous quarterly dividend of $0.46. This represents a $57.84 annualized dividend and a yield of 24.92%. The ex-dividend date of this dividend was Monday, December 2nd. Investors Title’s dividend payout ratio (DPR) is presently 12.18%.

Institutional Trading of Investors Title

Several institutional investors have recently made changes to their positions in ITIC. Charles Schwab Investment Management Inc. raised its position in Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 142 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 214 shares during the period. Barclays PLC raised its position in Investors Title by 127.2% in the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,347 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Investors Title by 9.0% in the 3rd quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock valued at $621,000 after buying an additional 223 shares during the period. Finally, American Century Companies Inc. lifted its stake in Investors Title by 27.0% during the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after acquiring an additional 803 shares in the last quarter. Hedge funds and other institutional investors own 41.40% of the company’s stock.

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.