Aristides Capital LLC Grows Stock Holdings in Investors Title Company $ITIC

Aristides Capital LLC increased its stake in Investors Title Company (NASDAQ:ITIC) by 13.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,953 shares of the insurance provider’s stock after buying an additional 2,273 shares during the period. Investors Title accounts for about 0.7% of Aristides Capital LLC’s holdings, making the stock its 23rd largest holding. Aristides Capital LLC owned 1.00% of Investors Title worth $4,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Investors Title in the fourth quarter worth about $36,000. CANADA LIFE ASSURANCE Co increased its position in shares of Investors Title by 34.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 49 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Investors Title by 357.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 243 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Investors Title by 6.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock worth $201,000 after acquiring an additional 49 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Investors Title in the 4th quarter valued at approximately $224,000. Institutional investors own 41.40% of the company’s stock.

Insider Transactions at Investors Title

In related news, Director Jr. Elton C. Parker purchased 538 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $231.00 per share, with a total value of $124,278.00. Following the completion of the acquisition, the director owned 3,750 shares of the company’s stock, valued at approximately $866,250. This trade represents a 16.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 25.96% of the company’s stock.

Investors Title Stock Performance

ITIC stock opened at $276.21 on Friday. Investors Title Company has a fifty-two week low of $205.85 and a fifty-two week high of $291.43. The business’s 50-day moving average is $259.78 and its two-hundred day moving average is $246.52. The company has a market cap of $522.04 million, a price-to-earnings ratio of 13.74 and a beta of 0.63.

Investors Title (NASDAQ:ITIC) last announced its earnings results on Thursday, May 7th. The insurance provider reported $3.20 earnings per share (EPS) for the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.The business had revenue of $63.49 million for the quarter.

Investors Title Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.46 per share. The ex-dividend date was Monday, June 15th. This represents a $1.84 annualized dividend and a yield of 0.7%. Investors Title’s payout ratio is 9.15%.

Wall Street Analyst Weigh In

ITIC has been the subject of a number of research analyst reports. Weiss Ratings raised Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Wall Street Zen cut Investors Title from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Investors Title currently has a consensus 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. 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.