Investors Title (NASDAQ:ITIC) Sees Strong Trading Volume – Still a Buy?

Shares of Investors Title Company (NASDAQ:ITIC) saw strong trading volume on Wednesday . Approximately 32,511 shares were traded during trading, a decline of 1% from the previous session’s volume of 32,793 shares.The stock last traded at $305.5610 and had previously closed at $303.48.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Investors Title from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Investors Title Stock Up 0.4%

The company has a market capitalization of $575.81 million, a P/E ratio of 14.27 and a beta of 0.63. The company has a 50 day simple moving average of $281.43 and a two-hundred day simple moving average of $252.00.

Investors Title (NASDAQ:ITIC) last announced its earnings results on Thursday, August 6th. The insurance provider reported $7.73 EPS for the quarter. Investors Title had a return on equity of 14.62% and a net margin of 13.80%.The firm had revenue of $81.71 million during the quarter.

Investors Title Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.84 dividend on an annualized basis and a yield of 0.6%. Investors Title’s payout ratio is 8.62%.

Institutional Investors Weigh In On Investors Title

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Investors Title by 2.3% during the 1st quarter. Royal Bank of Canada now owns 3,937 shares of the insurance provider’s stock valued at $949,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC lifted its stake in Investors Title by 8.0% in the first quarter. AQR Capital Management LLC now owns 1,917 shares of the insurance provider’s stock worth $462,000 after purchasing an additional 142 shares during the last quarter. Jane Street Group LLC bought a new stake in Investors Title in the first quarter worth about $571,000. Invesco Ltd. boosted 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 valued at $343,000 after buying an additional 63 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Investors Title by 4.2% during the second quarter. First Trust Advisors LP now owns 4,749 shares of the insurance provider’s stock valued at $1,003,000 after buying an additional 190 shares during the period. Institutional investors own 41.40% of the company’s stock.

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.