South State Corp held its stake in Investors Title Company (NASDAQ:ITIC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,686 shares of the insurance provider’s stock at the end of the second quarter. South State Corp owned approximately 0.09% of Investors Title worth $326,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Investors Title during the second quarter worth approximately $150,000. First Trust Advisors LP acquired a new position in shares of Investors Title during the second quarter worth approximately $224,000. Strs Ohio acquired a new position in shares of Investors Title during the second quarter worth approximately $232,000. Bessemer Group Inc. acquired a new position in shares of Investors Title during the second quarter worth approximately $251,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Investors Title during the second quarter worth approximately $251,000. Institutional investors own 42.16% of the company’s stock.

Shares of Investors Title Company (ITIC) remained flat at $176.26 on Wednesday. The company had a trading volume of 7 shares. Investors Title Company has a 12-month low of $93.78 and a 12-month high of $199.75. The firm has a 50 day moving average price of $176.75 and a 200-day moving average price of $172.86. The stock has a market capitalization of $332.60 million, a P/E ratio of 14.33 and a beta of 0.80.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Friday, August 4th. The insurance provider reported $2.99 EPS for the quarter. Investors Title had a return on equity of 14.73% and a net margin of 14.79%. The company had revenue of $40.13 million during the quarter. Analysts predict that Investors Title Company will post $2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.40 per share. This is an increase from Investors Title’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, August 30th. Investors Title’s payout ratio is currently 13.00%.

WARNING: “South State Corp Holds Stake in Investors Title Company (ITIC)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/13/south-state-corp-holds-stake-in-investors-title-company-itic.html.

Investors Title Profile

Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC).

Institutional Ownership by Quarter for Investors Title (NASDAQ:ITIC)

Receive News & Ratings for Investors Title Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title Company and related companies with MarketBeat.com's FREE daily email newsletter.