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

Investors Title Company (NASDAQ:ITIC) saw strong trading volume on Tuesday . 24,864 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 17,258 shares.The stock last traded at $249.48 and had previously closed at $240.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Investors Title in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Investors Title presently has a consensus rating of “Buy”.

Investors Title Price Performance

The firm’s 50-day moving average is $227.28 and its two-hundred day moving average is $248.89. The company has a market cap of $516.18 million, a P/E ratio of 12.75 and a beta of 0.66.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings results on Tuesday, February 17th. The insurance provider reported $3.97 earnings per share for the quarter. Investors Title had a net margin of 12.90% and a return on equity of 13.19%. The company had revenue of $69.32 million for the quarter.

Investors Title Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, March 23rd. Investors Title’s payout ratio is currently 9.91%.

Institutional Investors Weigh In On Investors Title

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its position in Investors Title by 2.0% in the third quarter. Rhumbline Advisers now owns 2,160 shares of the insurance provider’s stock worth $579,000 after purchasing an additional 42 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Investors Title by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock worth $201,000 after purchasing an additional 49 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Investors Title by 34.0% in 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 last quarter. Invesco Ltd. increased its position in Investors Title by 4.0% in the second quarter. Invesco Ltd. now owns 1,622 shares of the insurance provider’s stock worth $343,000 after purchasing an additional 63 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Investors Title by 2.3% during the first quarter. Royal Bank of Canada now owns 3,937 shares of the insurance provider’s stock valued at $949,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 41.40% of the company’s stock.

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.