Barclays PLC Purchases 1,347 Shares of Investors Title (NASDAQ:ITIC)

Barclays PLC raised its holdings in Investors Title (NASDAQ:ITIC - Free Report) by 127.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,406 shares of the insurance provider's stock after buying an additional 1,347 shares during the period. Barclays PLC owned 0.13% of Investors Title worth $553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Investors Title by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider's stock worth $7,648,000 after purchasing an additional 809 shares in the last quarter. Jane Street Group LLC raised its position in Investors Title by 33.2% during the third 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. Centiva Capital LP acquired a new stake in Investors Title in the third quarter valued at $226,000. PDT Partners LLC bought a new position in shares of Investors Title in the 3rd quarter valued at about $267,000. Finally, Martingale Asset Management L P increased its stake in shares of Investors Title by 10.8% during the 3rd quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider's stock worth $329,000 after purchasing an additional 140 shares during the last quarter. 41.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Investors Title from a "hold" rating to a "buy" rating in a research note on Monday, January 13th.

Investors Title Stock Up 0.0 %

Shares of NASDAQ ITIC traded up $0.06 during midday trading on Friday, hitting $228.05. 17,538 shares of the company's stock were exchanged, compared to its average volume of 8,748. The firm has a market capitalization of $428.73 million, a PE ratio of 15.09 and a beta of 0.92. Investors Title has a 12 month low of $146.41 and a 12 month high of $290.40. The company's 50 day moving average price is $254.98 and its 200 day moving average price is $230.80.

Investors Title Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $14.46 dividend. This is an increase from Investors Title's previous quarterly dividend of $0.46. This represents a $57.84 annualized dividend and a dividend yield of 25.36%. The ex-dividend date of this dividend was Monday, December 2nd. Investors Title's payout ratio is currently 12.18%.

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.