Investors Title (NASDAQ:ITIC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Investors Title Company (NASDAQ:ITIC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $252.82 and traded as high as $276.56. Investors Title shares last traded at $272.77, with a volume of 12,560 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investors Title in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Investors Title Stock Performance

The firm’s 50-day moving average price is $254.83 and its two-hundred day moving average price is $252.82. The stock has a market cap of $515.54 million, a price-to-earnings ratio of 14.35 and a beta of 0.65.

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

Investors Title Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 of this dividend was Monday, December 1st. Investors Title’s payout ratio is presently 9.68%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC purchased a new stake in Investors Title in the second quarter valued at $27,000. Russell Investments Group Ltd. increased its position in shares of Investors Title by 357.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Investors Title in the 2nd quarter valued at about $224,000. Brevan Howard Capital Management LP acquired a new position in Investors Title in the second quarter valued at about $240,000. Finally, Franklin Resources Inc. purchased a new position in Investors Title during the third quarter worth about $242,000. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

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.