Shares of Investors Title Company (NASDAQ:ITIC – Get Free Report) saw unusually-strong trading volume on Wednesday. 101,362 shares were traded during trading, an increase of 168% from the previous session’s volume of 37,759 shares. The stock last traded at $289.0130 and had previously closed at $286.64.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Investors Title from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Investors Title has a consensus rating of “Buy”.
Check Out Our Latest Analysis on Investors Title
Investors Title Trading Down 0.3%
The stock has a 50 day simple moving average of $293.15 and a 200 day simple moving average of $270.10. The firm has a market capitalization of $542.98 million, a PE ratio of 13.48 and a beta of 0.60.
Investors Title (NASDAQ:ITIC – Get Free Report) last posted its earnings results on Thursday, August 6th. The insurance provider reported $7.73 earnings per share (EPS) for the quarter. The firm 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%.
Investors Title Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.46 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.6%. Investors Title’s payout ratio is currently 8.62%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of ITIC. Caitong International Asset Management Co. Ltd bought a new position in Investors Title in the 4th quarter worth approximately $36,000. Legal & General Group Plc purchased a new stake in Investors Title in the second quarter worth about $100,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Investors Title in the 2nd quarter valued at $290,000. Meeder Asset Management Inc. bought a new position in shares of Investors Title during the 2nd quarter worth approximately $292,000. Finally, Deutsche Bank AG purchased a new stake in shares of Investors Title during the second quarter worth about $391,000. Hedge funds and other institutional investors own 41.40% of the company’s stock.
About Investors Title
Investors Title Company (NASDAQ: ITIC) is an insurance and real estate services company headquartered in Chapel Hill, North Carolina. Founded in 1972, the company provides title insurance and related services that help protect property owners and lenders against losses arising from defects, claims, or other issues affecting real estate ownership.
Through its title insurance subsidiaries, including Investors Title Insurance Company and National Investors Title Insurance Company, the company offers lender’s and owner’s title insurance policies.
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