Investors Title (NASDAQ:ITIC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Investors Title Company (NASDAQ:ITIC) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $265.24 and traded as high as $304.51. Investors Title shares last traded at $296.95, with a volume of 42,292 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Investors Title from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Investors Title in a report on Monday, September 28th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Investors Title has an average rating of “Buy”.

Investors Title Trading Down 0.6%

The stock has a market cap of $561.24 million, a price-to-earnings ratio of 13.91 and a beta of 0.60. The stock’s 50-day moving average is $293.09 and its 200-day moving average is $265.24.

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

Investors Title Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.6%. Investors Title’s payout ratio is presently 8.62%.

Hedge Funds Weigh In On Investors Title

Several large investors have recently added to or reduced their stakes in ITIC. BlackRock Inc. bought a new stake in shares of Investors Title during the 2nd quarter valued at about $32,062,000. Bank of New York Mellon Corp bought a new position in Investors Title during the 2nd quarter worth $3,588,000. Bank of America Corp DE acquired a new stake in Investors Title in the second quarter worth $1,554,000. GSA Capital Partners LLP bought a new stake in Investors Title in the second quarter valued at $777,000. Finally, Aristides Capital LLC grew its position in shares of Investors Title by 13.6% during the first quarter. Aristides Capital LLC now owns 18,953 shares of the insurance provider’s stock worth $4,119,000 after acquiring an additional 2,273 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors.

Investors Title Company Profile

Investors Title Company (NASDAQ: ITIC) is an insurance holding company that provides title insurance and related real estate services. Through its title insurance subsidiaries, the company protects property owners and mortgage lenders against certain losses arising from defects, liens, or other issues affecting title to real estate.

The company’s offerings include owners’ and lenders’ title insurance, title searches and examinations, escrow and closing services, and other title-related services.