Investors Title Company $ITIC Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC cut its holdings in shares of Investors Title Company (NASDAQ:ITIC) by 34.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,516 shares of the insurance provider’s stock after selling 2,420 shares during the quarter. Investors Title makes up approximately 1.5% of Profit Investment Management LLC’s holdings, making the stock its 24th largest holding. Profit Investment Management LLC’s holdings in Investors Title were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in shares of Investors Title by 12,260.0% in the second quarter. BNP Paribas Financial Markets now owns 10,506 shares of the insurance provider’s stock worth $2,220,000 after buying an additional 10,421 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Investors Title in the 2nd quarter worth about $240,000. Quantinno Capital Management LP bought a new stake in shares of Investors Title in the 2nd quarter worth about $294,000. First Trust Advisors LP raised its stake in shares of Investors Title by 4.2% in the 2nd quarter. First Trust Advisors LP now owns 4,749 shares of the insurance provider’s stock valued at $1,003,000 after purchasing an additional 190 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Investors Title by 4.0% during the second quarter. Invesco Ltd. now owns 1,622 shares of the insurance provider’s stock worth $343,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 41.40% of the company’s stock.

Investors Title Stock Performance

Investors Title stock opened at $254.24 on Monday. Investors Title Company has a 1 year low of $190.20 and a 1 year high of $288.98. The firm’s 50-day moving average is $264.28 and its 200-day moving average is $242.00. The company has a market cap of $480.51 million, a P/E ratio of 13.37 and a beta of 0.62.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $6.45 earnings per share for the quarter. Investors Title had a net margin of 13.15% and a return on equity of 13.72%. The firm had revenue of $70.97 million for the quarter.

Investors Title Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. Investors Title’s dividend payout ratio (DPR) is 9.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Investors Title in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Investors Title has a consensus rating of “Buy”.

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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.