Investors Title Company (ITIC) To Go Ex-Dividend on September 1st

Investors Title Company (NASDAQ:ITIC) declared a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.46 per share by the insurance provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 1st.

Investors Title has decreased its dividend payment by an average of 0.1%annually over the last three years.

Investors Title Stock Down 1.5%

Shares of ITIC stock opened at $299.34 on Friday. Investors Title has a 12-month low of $209.75 and a 12-month high of $309.55. The firm has a fifty day moving average of $284.16 and a 200-day moving average of $252.71. The firm has a market capitalization of $565.75 million, a price-to-earnings ratio of 14.02 and a beta of 0.63.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $7.73 EPS for the quarter. The business had revenue of $81.71 million for the quarter. Investors Title had a return on equity of 14.62% and a net margin of 13.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ITIC shares. Weiss Ratings upgraded Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Wall Street Zen cut Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

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. 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.