Investors Title (NASDAQ:ITIC) Downgraded by StockNews.com to "Hold"

StockNews.com cut shares of Investors Title (NASDAQ:ITIC - Free Report) from a buy rating to a hold rating in a research report report published on Friday morning.

Investors Title Stock Performance

Shares of ITIC stock traded up $3.83 during trading hours on Friday, reaching $225.54. The company had a trading volume of 6,342 shares, compared to its average volume of 14,778. The company has a market capitalization of $424.02 million, a P/E ratio of 14.93 and a beta of 0.92. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The stock's fifty day simple moving average is $244.38 and its 200 day simple moving average is $234.40.

Investors Title (NASDAQ:ITIC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $4.92 EPS for the quarter. The firm had revenue of $68.83 million during the quarter. Investors Title had a return on equity of 10.99% and a net margin of 11.83%.

Investors Title Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $14.46 per share. This is a positive change from Investors Title's previous quarterly dividend of $0.46. The ex-dividend date was Monday, December 2nd. This represents a $57.84 annualized dividend and a yield of 25.65%. Investors Title's payout ratio is presently 12.18%.

Hedge Funds Weigh In On Investors Title

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Investors Title by 187.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider's stock worth $749,000 after purchasing an additional 2,126 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider's stock worth $958,000 after purchasing an additional 142 shares in the last quarter. Barclays PLC increased its holdings in shares of Investors Title by 127.2% during the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider's stock valued at $553,000 after purchasing an additional 1,347 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Investors Title by 65.6% during the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider's stock valued at $124,000 after purchasing an additional 214 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Investors Title by 33.2% in the third quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider's stock worth $482,000 after purchasing an additional 523 shares during the period. Institutional investors own 41.40% of the company's stock.

Investors Title Company 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.