Aviva PLC Purchases 1,299 Shares of Investors Title (NASDAQ:ITIC)

Aviva PLC grew its stake in shares of Investors Title (NASDAQ:ITIC - Free Report) by 136.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,254 shares of the insurance provider's stock after acquiring an additional 1,299 shares during the quarter. Aviva PLC owned about 0.12% of Investors Title worth $534,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Investors Title by 3.5% in 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 in the last quarter. FMR LLC grew its stake in shares of Investors Title by 73.6% during 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 last quarter. BNP Paribas Financial Markets grew its position in Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider's stock worth $124,000 after acquiring an additional 214 shares during the last quarter. Centiva Capital LP bought a new stake in Investors Title during the 3rd quarter worth $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 purchasing an additional 523 shares in the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

Investors Title Stock Down 0.4 %

NASDAQ ITIC traded down $0.88 on Tuesday, hitting $229.00. The company's stock had a trading volume of 2,969 shares, compared to its average volume of 12,735. The company's 50-day moving average is $232.91 and its 200 day moving average is $240.06. The firm has a market cap of $431.89 million, a PE ratio of 13.94 and a beta of 0.84. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40.

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Investors Title (NASDAQ:ITIC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $70.63 million during the quarter.

Investors Title Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Monday, March 24th. Investors Title's payout ratio is presently 11.20%.

Analyst Ratings Changes

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

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.