Investors Title (NASDAQ:ITIC) Upgraded at StockNews.com

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Investors Title Trading Up 1.3 %

Shares of NASDAQ:ITIC opened at $243.95 on Tuesday. The firm has a market cap of $459.60 million, a price-to-earnings ratio of 16.14 and a beta of 0.89. The stock’s 50-day moving average price is $257.38 and its two-hundred day moving average price is $224.18. Investors Title has a 12-month low of $146.41 and a 12-month high of $290.40.

Investors Title Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $14.46 dividend. This is a positive change from Investors Title’s previous quarterly dividend of $0.46. This represents a $57.84 annualized dividend and a dividend yield of 23.71%. The ex-dividend date of this dividend was Monday, December 2nd. Investors Title’s dividend payout ratio (DPR) is 12.18%.

Institutional Trading of Investors Title

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after buying an additional 142 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Investors Title by 65.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 214 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Investors Title by 9.0% during the 3rd quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock valued at $621,000 after acquiring an additional 223 shares in the last quarter. American Century Companies Inc. boosted its position in Investors Title by 27.0% during the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after purchasing an additional 803 shares during the period. Finally, Rhumbline Advisers increased its holdings in Investors Title by 9.1% in the 2nd quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock valued at $376,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other 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.