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

Investors Title Company (NASDAQ:ITIC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $249.33 and traded as high as $254.22. Investors Title shares last traded at $252.90, with a volume of 9,917 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Investors Title Stock Performance

The company has a market cap of $477.98 million, a price-to-earnings ratio of 13.30 and a beta of 0.66. The stock’s fifty day moving average is $256.61 and its two-hundred day moving average is $249.33.

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

Investors Title Announces Dividend

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

Hedge Funds Weigh In On Investors Title

Hedge funds have recently bought and sold shares of the company. Aviva PLC grew its position in Investors Title by 146.2% in the 2nd quarter. Aviva PLC now owns 2,186 shares of the insurance provider’s stock worth $462,000 after purchasing an additional 1,298 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Investors Title during the 2nd quarter worth approximately $490,000. Los Angeles Capital Management LLC purchased a new position in shares of Investors Title in the 2nd quarter worth approximately $412,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Investors Title in the second quarter valued at approximately $224,000. Finally, Aristides Capital LLC grew its holdings in shares of Investors Title by 33.6% in the second quarter. Aristides Capital LLC now owns 15,920 shares of the insurance provider’s stock valued at $3,364,000 after acquiring an additional 4,000 shares in the last quarter. 41.40% of the stock is owned by hedge funds and other institutional investors.

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. 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.