Aristides Capital LLC Increases Holdings in Investors Title (NASDAQ:ITIC)

Aristides Capital LLC increased its holdings in shares of Investors Title (NASDAQ:ITIC - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,320 shares of the insurance provider's stock after purchasing an additional 1,220 shares during the quarter. Investors Title accounts for 0.5% of Aristides Capital LLC's portfolio, making the stock its 27th biggest holding. Aristides Capital LLC owned about 0.60% of Investors Title worth $2,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ITIC. Charles Schwab Investment Management Inc. increased its position in shares of Investors Title by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider's stock valued at $958,000 after purchasing an additional 142 shares during the last quarter. FMR LLC raised its stake in shares of Investors Title by 73.6% in the third quarter. FMR LLC now owns 479 shares of the insurance provider's stock worth $110,000 after buying an additional 203 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider's stock valued at $124,000 after buying an additional 214 shares in the last quarter. Centiva Capital LP bought a new position in shares of Investors Title during the 3rd quarter valued at approximately $226,000. Finally, Jane Street Group LLC increased its holdings in Investors Title by 33.2% in the 3rd quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider's stock worth $482,000 after acquiring an additional 523 shares in the last quarter. Institutional investors own 41.40% of the company's stock.

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Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Investors Title from a "hold" rating to a "buy" rating in a report on Saturday, March 22nd.

Investors Title Price Performance

Shares of NASDAQ ITIC traded down $8.33 during mid-day trading on Friday, reaching $227.68. The company's stock had a trading volume of 6,445 shares, compared to its average volume of 12,697. The stock has a fifty day moving average of $232.92 and a two-hundred day moving average of $240.08. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40. The firm has a market capitalization of $429.40 million, a PE ratio of 13.76 and a beta of 0.84.

Investors Title (NASDAQ:ITIC - Get Free Report) last issued its earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share for the quarter. The firm had revenue of $70.63 million during the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Investors Title Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.81%. Investors Title's dividend payout ratio is currently 11.20%.

Investors Title 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.