Arrowstreet Capital Limited Partnership Has $2.62 Million Position in Investors Title (NASDAQ:ITIC)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Investors Title (NASDAQ:ITIC - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,079 shares of the insurance provider's stock after purchasing an additional 1,153 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.59% of Investors Title worth $2,623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITIC. Mountain Hill Investment Partners Corp. bought a new position in Investors Title during the 4th quarter worth $47,000. FMR LLC grew its holdings in shares of Investors Title by 73.6% during the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider's stock worth $110,000 after purchasing an additional 203 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider's stock worth $124,000 after purchasing an additional 214 shares during the period. SG Americas Securities LLC increased its position in shares of Investors Title by 21.0% in the fourth quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider's stock worth $146,000 after purchasing an additional 107 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Investors Title by 225.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider's stock valued at $154,000 after purchasing an additional 450 shares in the last quarter. 41.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Investors Title Stock Performance

Shares of NASDAQ ITIC traded up $7.39 during trading hours on Tuesday, hitting $231.81. 6,989 shares of the stock were exchanged, compared to its average volume of 12,724. The company's fifty day simple moving average is $232.93 and its two-hundred day simple moving average is $240.13. The company has a market cap of $437.20 million, a PE ratio of 14.19 and a beta of 0.84. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40.

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. Investors Title had a return on equity of 11.84% and a net margin of 12.03%. The firm had revenue of $70.63 million for the quarter.

Investors Title Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, March 24th. Investors Title's dividend payout ratio is presently 11.20%.

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.