JPMorgan Chase & Co. Grows Holdings in Investors Title (NASDAQ:ITIC)

JPMorgan Chase & Co. increased its holdings in shares of Investors Title (NASDAQ:ITIC - Free Report) by 68.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,497 shares of the insurance provider's stock after acquiring an additional 2,237 shares during the period. JPMorgan Chase & Co. owned approximately 0.29% of Investors Title worth $1,301,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Investors Title by 21.0% during the fourth quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider's stock valued at $146,000 after purchasing an additional 107 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Investors Title during the fourth quarter valued at about $47,000. Nisa Investment Advisors LLC grew its position in shares of Investors Title by 225.0% during 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. Jane Street Group LLC grew its position 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 acquiring an additional 523 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Investors Title by 2.5% in the third quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider's stock worth $7,648,000 after acquiring an additional 809 shares in the last quarter. Institutional investors own 41.40% of the company's stock.

Investors Title Stock Up 0.5 %

ITIC traded up $1.08 on Monday, hitting $229.42. The company had a trading volume of 10,360 shares, compared to its average volume of 13,011. The company has a market cap of $499.68 million, a PE ratio of 13.96 and a beta of 0.84. Investors Title has a 12-month low of $146.41 and a 12-month high of $290.40. The business's fifty day simple moving average is $233.17 and its 200 day simple moving average is $240.40.

Investors Title (NASDAQ:ITIC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The company had revenue of $70.63 million during the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.

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 paid a $0.46 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.84 dividend on an annualized basis and a yield of 0.80%. Investors Title's payout ratio is 11.20%.

Analysts Set New Price Targets

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

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.