Investors Title (NASDAQ:ITIC) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Investors Title (NASDAQ:ITIC) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,248 shares of the insurance provider’s stock after purchasing an additional 216 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of Investors Title worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITIC. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Investors Title during the fourth quarter worth approximately $47,000. SG Americas Securities LLC lifted its holdings in shares of Investors Title by 21.0% in the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock valued at $146,000 after purchasing an additional 107 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Investors Title by 225.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider’s stock valued at $154,000 after purchasing an additional 450 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Investors Title during the fourth quarter worth about $222,000. Finally, Wells Fargo & Company MN grew its position in Investors Title by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,127 shares of the insurance provider’s stock valued at $267,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 41.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Investors Title Stock Performance

Shares of ITIC stock opened at $233.08 on Friday. The stock has a fifty day moving average price of $233.43 and a 200 day moving average price of $240.30. The stock has a market cap of $507.65 million, a PE ratio of 14.19 and a beta of 0.84. Investors Title has a 1 year low of $146.41 and a 1 year high of $290.40.

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

Investors Title Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.84 dividend on an annualized basis and a yield of 0.79%. Investors Title’s dividend payout ratio (DPR) is currently 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.