Investors Title (NASDAQ:ITIC) Shares Pass Above 200-Day Moving Average of $163.68

Investors Title (NASDAQ:ITICGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $163.68 and traded as high as $181.42. Investors Title shares last traded at $181.12, with a volume of 14,962 shares traded.

Analysts Set New Price Targets

Separately, downgraded shares of Investors Title from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 1st.

View Our Latest Stock Report on Investors Title

Investors Title Trading Up 1.3 %

The firm has a fifty day moving average of $169.59 and a two-hundred day moving average of $163.68. The company has a market capitalization of $340.51 million, a PE ratio of 13.68 and a beta of 0.87.

Investors Title (NASDAQ:ITICGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The insurance provider reported $2.40 earnings per share for the quarter. Investors Title had a return on equity of 9.96% and a net margin of 11.03%. The firm had revenue of $53.46 million during the quarter.

Investors Title Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, June 14th. Investors Title’s dividend payout ratio (DPR) is presently 13.90%.

Hedge Funds Weigh In On Investors Title

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Investors Title by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 67,743 shares of the insurance provider’s stock valued at $11,055,000 after purchasing an additional 591 shares during the period. Third Avenue Management LLC increased its stake in shares of Investors Title by 32.3% during the fourth quarter. Third Avenue Management LLC now owns 39,164 shares of the insurance provider’s stock valued at $6,350,000 after buying an additional 9,565 shares during the period. Franklin Resources Inc. raised its holdings in shares of Investors Title by 34.9% during the fourth quarter. Franklin Resources Inc. now owns 10,724 shares of the insurance provider’s stock valued at $1,739,000 after acquiring an additional 2,776 shares in the last quarter. Aristides Capital LLC purchased a new stake in Investors Title in the first quarter worth $1,648,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Investors Title by 2.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 9,790 shares of the insurance provider’s stock valued at $1,587,000 after acquiring an additional 263 shares in the last quarter. 41.40% of the stock is owned by institutional investors.

About Investors Title

(Get Free Report)

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.

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