Deutsche Bank AG Acquires 364 Shares of Investors Title (NASDAQ:ITIC)

Deutsche Bank AG grew its holdings in shares of Investors Title (NASDAQ:ITIC) by 33.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448 shares of the insurance provider’s stock after buying an additional 364 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Investors Title worth $343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITIC. Aviva PLC raised its holdings in Investors Title by 136.0% in the 4th quarter. Aviva PLC now owns 2,254 shares of the insurance provider’s stock valued at $534,000 after acquiring an additional 1,299 shares during the period. Northern Trust Corp raised its holdings in Investors Title by 6.5% in the 4th quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider’s stock valued at $3,448,000 after acquiring an additional 892 shares during the period. JPMorgan Chase & Co. raised its holdings in Investors Title by 68.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,497 shares of the insurance provider’s stock valued at $1,301,000 after acquiring an additional 2,237 shares during the period. Vanguard Group Inc. raised its holdings in Investors Title by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider’s stock valued at $17,774,000 after acquiring an additional 1,918 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Investors Title in the 4th quarter valued at about $222,000. 41.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Investors Title from a “buy” rating to a “hold” rating in a research report on Monday, May 12th.

Investors Title Price Performance

Shares of Investors Title stock opened at $232.79 on Friday. Investors Title has a fifty-two week low of $167.22 and a fifty-two week high of $290.40. The firm has a market capitalization of $439.04 million, a P/E ratio of 14.17 and a beta of 0.91. The company’s 50 day moving average price is $233.99 and its two-hundred day moving average price is $239.82.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported $1.67 earnings per share (EPS) for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Investors Title Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, June 13th. Investors Title’s dividend payout ratio is currently 11.72%.

About Investors Title

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.