Empowered Funds LLC Sells 2,000 Shares of Investors Title (NASDAQ:ITIC)

Empowered Funds LLC lowered its holdings in shares of Investors Title (NASDAQ:ITIC - Free Report) by 45.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,385 shares of the insurance provider's stock after selling 2,000 shares during the period. Empowered Funds LLC owned approximately 0.13% of Investors Title worth $548,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ITIC. O Shaughnessy Asset Management LLC lifted its stake in shares of Investors Title by 41.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider's stock worth $581,000 after buying an additional 1,037 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Investors Title by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider's stock worth $104,000 after buying an additional 169 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Investors Title by 9.0% in the third quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider's stock worth $621,000 after buying an additional 223 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Investors Title by 27.0% in the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider's stock worth $680,000 after buying an additional 803 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Investors Title by 9.1% in the second quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider's stock worth $376,000 after buying an additional 174 shares in the last quarter. Institutional investors own 41.40% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Investors Title from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

Investors Title Stock Up 1.2 %

Shares of NASDAQ ITIC traded up $3.41 during midday trading on Monday, hitting $286.31. The stock had a trading volume of 15,490 shares, compared to its average volume of 10,764. The business's 50 day moving average is $240.66 and its 200-day moving average is $208.55. The company has a market cap of $539.41 million, a P/E ratio of 18.95 and a beta of 0.85. Investors Title has a 52 week low of $141.41 and a 52 week high of $290.40.

Investors Title Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $14.46 per share. This is an increase from Investors Title's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $57.84 dividend on an annualized basis and a yield of 20.20%. Investors Title's dividend payout ratio is 12.18%.

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.