Investors Title (NASDAQ:ITIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research note published on Tuesday morning.

Separately, Weiss Ratings raised shares of Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Investors Title currently has an average rating of “Buy”.

Investors Title Stock Performance

Shares of NASDAQ:ITIC opened at $290.01 on Tuesday. Investors Title has a twelve month low of $207.73 and a twelve month high of $297.31. The firm has a market cap of $548.12 million, a PE ratio of 14.43 and a beta of 0.63. The business has a fifty day moving average of $264.60 and a 200-day moving average of $247.76.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $3.20 earnings per share (EPS) for the quarter. The business had revenue of $63.49 million during the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.

Investors Title Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. Investors Title’s dividend payout ratio (DPR) is 9.15%.

Insider Buying and Selling at Investors Title

In other news, Director Jr. Elton C. Parker bought 538 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $231.00 per share, for a total transaction of $124,278.00. Following the completion of the transaction, the director directly owned 3,750 shares in the company, valued at $866,250. The trade was a 16.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Investors Title

Hedge funds have recently added to or reduced their stakes in the company. Aristides Capital LLC increased its position in Investors Title by 13.6% in the first quarter. Aristides Capital LLC now owns 18,953 shares of the insurance provider’s stock worth $4,119,000 after purchasing an additional 2,273 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Investors Title during the 4th quarter valued at about $36,000. Invesco Ltd. lifted its position in Investors Title by 30.7% during the 4th quarter. Invesco Ltd. now owns 4,027 shares of the insurance provider’s stock valued at $1,005,000 after purchasing an additional 945 shares during the period. Engineers Gate Manager LP bought a new position in shares of Investors Title in the 4th quarter valued at about $226,000. Finally, AQR Capital Management LLC boosted its stake in shares of Investors Title by 8.3% in the 4th quarter. AQR Capital Management LLC now owns 1,838 shares of the insurance provider’s stock valued at $459,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 41.40% of the company’s stock.

Investors Title Company 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. 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.