Investors Title (NASDAQ:ITIC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Investors Title (NASDAQ:ITIC – Get Rating) in a research report released on Thursday. The brokerage issued a buy rating on the insurance provider’s stock.

Investors Title Stock Performance

Investors Title stock traded down $7.99 during mid-day trading on Thursday, hitting $140.00. The company’s stock had a trading volume of 7,011 shares, compared to its average volume of 2,739. The company has a 50 day moving average of $155.48 and a 200-day moving average of $148.73. The stock has a market cap of $266 million, a PE ratio of 11.12 and a beta of 0.76. Investors Title has a one year low of $125.80 and a one year high of $210.40.

Investors Title Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, March 21st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.31%. The ex-dividend date is Monday, March 20th. Investors Title’s dividend payout ratio (DPR) is presently 14.61%.

Institutional Investors Weigh In On Investors Title

Several hedge funds have recently made changes to their positions in ITIC. Advisor Group Holdings Inc. lifted its holdings in shares of Investors Title by 28.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 450 shares of the insurance provider’s stock worth $91,000 after buying an additional 100 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Investors Title by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,880 shares of the insurance provider’s stock worth $2,211,000 after buying an additional 119 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Investors Title by 56.9% in the 1st quarter. MetLife Investment Management LLC now owns 747 shares of the insurance provider’s stock worth $152,000 after buying an additional 271 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Investors Title by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,478 shares of the insurance provider’s stock worth $1,114,000 after buying an additional 153 shares during the period. Finally, State Street Corp lifted its holdings in shares of Investors Title by 1.7% in the 1st quarter. State Street Corp now owns 24,001 shares of the insurance provider’s stock worth $4,877,000 after buying an additional 406 shares during the period. 39.99% of the stock is currently owned by hedge funds and other institutional investors.

About Investors Title

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Investors Title Co operates as a holding company engaged in the issuance of residential and commercial title insurance. It provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC), investment management and trust services to individuals, trusts and other entities through its subsidiary, Investors Trust Company (Investors Trust), and management services to title insurance agencies through its subsidiary, Investors Title Management Services (ITMS).