Investors Title (NASDAQ:ITIC) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Investors Title (NASDAQ:ITIC) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,070 shares of the insurance provider’s stock after acquiring an additional 1,918 shares during the quarter. Vanguard Group Inc. owned 3.99% of Investors Title worth $17,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ITIC. Charles Schwab Investment Management Inc. raised its holdings in shares of Investors Title by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock worth $958,000 after purchasing an additional 142 shares in the last quarter. FMR LLC grew its position in Investors Title by 73.6% in the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after buying an additional 203 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after buying an additional 214 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Investors Title by 33.2% during the 3rd quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider’s stock valued at $482,000 after acquiring an additional 523 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Investors Title by 127.2% during the 3rd quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock worth $553,000 after acquiring an additional 1,347 shares in the last quarter. Institutional investors own 41.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Investors Title from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd.

Investors Title Trading Down 0.7 %

ITIC stock opened at $227.50 on Thursday. Investors Title has a one year low of $146.41 and a one year high of $290.40. The firm has a 50-day moving average of $232.98 and a two-hundred day moving average of $239.97. The firm has a market capitalization of $495.50 million, a PE ratio of 13.85 and a beta of 0.84.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%. The business had revenue of $70.63 million during the quarter.

Investors Title Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a $0.46 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.84 annualized dividend and a dividend yield of 0.81%. Investors Title’s dividend payout ratio (DPR) is presently 11.20%.

Investors Title 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.