Investors Title (NASDAQ:ITIC) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Investors Title Company (NASDAQ:ITIC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $246.29 and traded as high as $256.10. Investors Title shares last traded at $249.75, with a volume of 13,653 shares trading hands.

Analyst Upgrades and Downgrades

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

Investors Title Stock Performance

The company has a market cap of $471.53 million, a P/E ratio of 13.14 and a beta of 0.66. The stock’s fifty day moving average price is $261.56 and its two-hundred day moving average price is $246.29.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $6.45 EPS for the quarter. Investors Title had a net margin of 13.15% and a return on equity of 13.72%. The business had revenue of $70.97 million during the quarter.

Investors Title Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, December 1st. Investors Title’s dividend payout ratio is currently 9.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ITIC. Profit Investment Management LLC bought a new position in Investors Title in the 2nd quarter valued at approximately $1,466,000. Aviva PLC increased its holdings in shares of Investors Title by 146.2% during the second quarter. Aviva PLC now owns 2,186 shares of the insurance provider’s stock worth $462,000 after buying an additional 1,298 shares in the last quarter. Militia Capital Partners LP acquired a new position in shares of Investors Title during the first quarter worth $809,000. State Board of Administration of Florida Retirement System bought a new position in shares of Investors Title in the 2nd quarter valued at $490,000. Finally, Strs Ohio acquired a new stake in shares of Investors Title during the 1st quarter valued at $530,000. Institutional investors own 41.40% of the company’s stock.

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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.