Investors Title (NASDAQ:ITIC) Stock Rating Upgraded by 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 Monday.

Investors Title Price Performance

Shares of NASDAQ:ITIC opened at $228.01 on Monday. The company’s fifty day moving average price is $255.82 and its 200-day moving average price is $230.08. The firm has a market capitalization of $428.66 million, a price-to-earnings ratio of 15.09 and a beta of 0.92. Investors Title has a one year low of $146.41 and a one year high of $290.40.

Investors Title Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $14.46 per share. This is an increase from Investors Title’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $57.84 dividend on an annualized basis and a yield of 25.37%. Investors Title’s dividend payout ratio (DPR) is presently 12.18%.

Hedge Funds Weigh In On Investors Title

Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. lifted its position in Investors Title by 455.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after buying an additional 196 shares during the last quarter. FMR LLC raised its stake in shares of Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 203 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Investors Title during the third quarter worth approximately $117,000. BNP Paribas Financial Markets lifted its holdings 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 worth $124,000 after acquiring an additional 214 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Investors Title in the 3rd quarter valued at $226,000. 41.40% of the stock is currently owned by 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.