Investors Title (NASDAQ:ITIC) Announces Earnings Results

Investors Title (NASDAQ:ITIC) issued its earnings results on Thursday. The insurance provider reported $3.20 EPS for the quarter, Zacks reports. Investors Title had a return on equity of 14.06% and a net margin of 13.59%.

Investors Title Stock Performance

Shares of ITIC traded down $3.20 during trading hours on Friday, hitting $238.30. 22,999 shares of the company were exchanged, compared to its average volume of 20,506. The company has a market cap of $519.49 million, a PE ratio of 11.86 and a beta of 0.67. The firm’s 50 day moving average is $228.38 and its 200-day moving average is $248.33. Investors Title has a 52 week low of $190.20 and a 52 week high of $288.98.

Investors Title Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Investors Title in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Investors Title has an average rating of “Buy”.

Institutional Investors Weigh In On Investors Title

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITIC. Invesco Ltd. boosted its position in Investors Title by 30.7% during the fourth quarter. Invesco Ltd. now owns 4,027 shares of the insurance provider’s stock worth $1,005,000 after purchasing an additional 945 shares during the period. Engineers Gate Manager LP bought a new position in shares of Investors Title in the fourth quarter valued at approximately $226,000. AQR Capital Management LLC lifted its stake in shares of Investors Title by 8.3% in the fourth quarter. AQR Capital Management LLC now owns 1,838 shares of the insurance provider’s stock worth $459,000 after buying an additional 141 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Investors Title by 7.3% during the 4th quarter. Lazard Asset Management LLC now owns 5,863 shares of the insurance provider’s stock worth $1,464,000 after buying an additional 400 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of Investors Title by 66.5% during the 4th quarter. Trexquant Investment LP now owns 7,235 shares of the insurance provider’s stock worth $1,806,000 after buying an additional 2,890 shares during the period. 41.40% of the stock is currently owned by institutional investors and hedge funds.

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.