Ritholtz Wealth Management Sells 456 Shares of Investors Title Company (NASDAQ:ITIC)

Ritholtz Wealth Management lowered its holdings in Investors Title Company (NASDAQ:ITIC) by 18.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,009 shares of the insurance provider’s stock after selling 456 shares during the period. Ritholtz Wealth Management owned approximately 0.09% of Investors Title worth $484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Investors Title by 132,500.0% in the 1st quarter. GAMMA Investing LLC now owns 5,304 shares of the insurance provider’s stock valued at $12,790,000 after purchasing an additional 5,300 shares during the period. Deutsche Bank AG boosted its holdings in Investors Title by 33.6% in the 4th quarter. Deutsche Bank AG now owns 1,448 shares of the insurance provider’s stock valued at $343,000 after purchasing an additional 364 shares during the period. Citadel Advisors LLC bought a new stake in Investors Title in the 4th quarter valued at about $513,000. Bank of America Corp DE boosted its holdings in Investors Title by 6.7% in the 4th quarter. Bank of America Corp DE now owns 7,951 shares of the insurance provider’s stock valued at $1,882,000 after purchasing an additional 497 shares during the period. Finally, Northern Trust Corp boosted 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 purchasing an additional 892 shares during the period. Institutional investors own 41.40% of the company’s stock.

Analyst Ratings Changes

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

Investors Title Trading Down 1.5%

Shares of NASDAQ:ITIC opened at $201.98 on Friday. The firm has a 50 day moving average of $225.32 and a 200-day moving average of $232.54. The stock has a market capitalization of $381.74 million, a PE ratio of 12.86 and a beta of 0.92. Investors Title Company has a 12 month low of $173.29 and a 12 month high of $290.40.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Thursday, May 8th. The insurance provider reported $1.67 EPS for the quarter. Investors Title had a net margin of 11.37% and a return on equity of 11.44%.

Investors Title Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, June 13th. Investors Title’s payout ratio is presently 11.72%.

Investors Title Company 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.