Investors Title Company $ITIC Stock Position Increased by Aviva PLC

Aviva PLC increased its position in Investors Title Company (NASDAQ:ITIC) by 146.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,186 shares of the insurance provider’s stock after buying an additional 1,298 shares during the quarter. Aviva PLC owned about 0.12% of Investors Title worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in Investors Title in the second quarter worth about $412,000. AlphaQuest LLC acquired a new position in shares of Investors Title in the 2nd quarter worth approximately $27,000. Profit Investment Management LLC acquired a new position in shares of Investors Title in the 2nd quarter worth approximately $1,466,000. Militia Capital Partners LP bought a new stake in shares of Investors Title in the 1st quarter worth approximately $809,000. Finally, Strs Ohio acquired a new stake in Investors Title during the first quarter valued at approximately $530,000. 41.40% of the stock is currently owned by institutional investors.

Investors Title Stock Performance

NASDAQ ITIC opened at $277.60 on Friday. The firm’s 50 day moving average price is $263.22 and its two-hundred day moving average price is $237.11. Investors Title Company has a twelve month low of $190.20 and a twelve month high of $290.40. The stock has a market cap of $524.11 million, a price-to-earnings ratio of 15.88 and a beta of 0.87.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $6.45 EPS for the quarter. Investors Title had a return on equity of 12.70% and a net margin of 12.28%.The business had revenue of $70.97 million during the quarter.

Investors Title Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.46 per share. The ex-dividend date is Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. Investors Title’s dividend payout ratio (DPR) is presently 9.68%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investors Title in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Investors Title has an average rating of “Buy”.

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.