Investors Title Company (ITIC) to Distribute Quarterly Dividend of $0.46 on September 15th

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 by an average of 0.1%annually over the last three years.

Investors Title Stock Performance

ITIC opened at $283.36 on Wednesday. Investors Title has a 52-week low of $209.75 and a 52-week high of $297.31. The company’s 50-day simple moving average is $272.68 and its two-hundred day simple moving average is $249.84. The stock has a market capitalization of $535.55 million, a P/E ratio of 13.27 and a beta of 0.63.

Investors Title (NASDAQ:ITIC) last posted its earnings results on Thursday, August 6th. The insurance provider reported $7.73 EPS for the quarter. The business had revenue of $81.71 million during the quarter. Investors Title had a net margin of 13.80% and a return on equity of 14.81%.

Institutional Investors Weigh In On Investors Title

A number of hedge funds have recently made changes to their positions in ITIC. Meeder Asset Management Inc. purchased a new position in Investors Title during the 2nd quarter valued at approximately $292,000. BlackRock Inc. purchased a new stake in shares of Investors Title during the 2nd quarter worth approximately $32,062,000. Deutsche Bank AG purchased a new stake in shares of Investors Title during the 2nd quarter worth approximately $391,000. Bank of New York Mellon Corp bought a new position in shares of Investors Title during the 2nd quarter valued at approximately $3,588,000. Finally, GSA Capital Partners LLP bought a new position in shares of Investors Title during the 2nd quarter valued at approximately $777,000. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

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.