1,362 Shares in Investors Title (NASDAQ:ITIC) Acquired by Trust Co of the South

Trust Co of the South acquired a new stake in Investors Title (NASDAQ:ITIC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,362 shares of the insurance provider’s stock, valued at approximately $322,000. Trust Co of the South owned about 0.07% of Investors Title at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITIC. JPMorgan Chase & Co. raised its position in shares of Investors Title by 187.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock worth $749,000 after purchasing an additional 2,126 shares during the last quarter. Barclays PLC raised its holdings in shares of Investors Title by 127.2% during the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after acquiring an additional 1,347 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Investors Title in the third quarter worth approximately $267,000. Canal Capital Management LLC purchased a new stake in shares of Investors Title during the third quarter worth approximately $230,000. Finally, Centiva Capital LP acquired a new position in Investors Title in the 3rd quarter valued at $226,000. Institutional investors and hedge funds own 41.40% of the company’s stock.

Investors Title Stock Performance

Shares of ITIC traded down $6.23 during mid-day trading on Thursday, hitting $230.53. 4,769 shares of the company’s stock were exchanged, compared to its average volume of 10,479. The company has a market cap of $434.32 million, a price-to-earnings ratio of 15.26 and a beta of 0.89. The stock’s 50-day moving average is $257.66 and its 200-day moving average is $226.57. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40.

Investors Title Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $14.46 dividend. This is a boost 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 annualized dividend and a dividend yield of 25.09%. Investors Title’s dividend payout ratio is presently 12.18%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday.

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.