Virtu Financial LLC Acquires Shares of 1,731 Investors Title (NASDAQ:ITIC)

Virtu Financial LLC purchased a new stake in Investors Title (NASDAQ:ITIC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,731 shares of the insurance provider's stock, valued at approximately $410,000. Virtu Financial LLC owned 0.09% of Investors Title at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Investors Title by 73.6% in the 3rd 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 increased its stake in Investors Title by 65.6% in the 3rd 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 stake 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 buying an additional 107 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Investors Title by 225.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider's stock worth $154,000 after buying an additional 450 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Investors Title during the 4th quarter valued at $222,000. 41.40% of the stock is owned by institutional investors.

Investors Title Price Performance

ITIC stock traded down $0.51 during midday trading on Friday, hitting $242.62. The stock had a trading volume of 3,183 shares, compared to its average volume of 12,617. The firm has a market cap of $457.58 million, a price-to-earnings ratio of 14.77 and a beta of 0.97. The business has a 50-day moving average of $232.32 and a two-hundred day moving average of $240.22. Investors Title has a 52-week low of $146.41 and a 52-week high of $290.40.

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

Investors Title Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, March 24th. Investors Title's dividend payout ratio is presently 11.20%.

Analyst Upgrades and Downgrades

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

About Investors Title

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.