Investors Title (NASDAQ:ITIC) Short Interest Update

Investors Title (NASDAQ:ITIC – Get Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 6,400 shares, an increase of 20.8% from the April 15th total of 5,300 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 2.8 days.

Investors Title Price Performance

Investors Title stock opened at $143.39 on Monday. The stock has a market capitalization of $272.15 million, a PE ratio of 14.40 and a beta of 0.76. Investors Title has a 12-month low of $125.80 and a 12-month high of $168.98. The firm has a 50 day simple moving average of $147.16 and a 200-day simple moving average of $151.10.

Investors Title (NASDAQ:ITIC – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The insurance provider reported $3.97 earnings per share (EPS) for the quarter. The company had revenue of $65.49 million for the quarter. Investors Title had a net margin of 7.11% and a return on equity of 7.95%.

Investors Title Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Tuesday, March 21st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, March 20th. Investors Title’s dividend payout ratio (DPR) is presently 18.47%.

Hedge Funds Weigh In On Investors Title

Several institutional investors and hedge funds have recently modified their holdings of ITIC. Legal & General Group Plc lifted its holdings in shares of Investors Title by 112.1% in the second quarter. Legal & General Group Plc now owns 227 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 120 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Investors Title by 61.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 322 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 122 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Investors Title by 158.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 554 shares of the insurance provider’s stock worth $78,000 after buying an additional 340 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in Investors Title by 77.0% during the third quarter. BNP Paribas Arbitrage SNC now owns 570 shares of the insurance provider’s stock valued at $80,000 after purchasing an additional 248 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Investors Title by 18.7% in the second quarter. UBS Group AG now owns 583 shares of the insurance provider’s stock worth $91,000 after buying an additional 92 shares in the last quarter. 39.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research note on Thursday.

Investors Title Company Profile

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Investors Title Co operates as a holding company engaged in the issuance of residential and commercial title insurance. It provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC), investment management and trust services to individuals, trusts and other entities through its subsidiary, Investors Trust Company (Investors Trust), and management services to title insurance agencies through its subsidiary, Investors Title Management Services (ITMS).