Investors Title (NASDAQ:ITIC) Share Price Passes Above 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Investors Title Company (NASDAQ:ITIC – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $244.21 and traded as high as $253.39. Investors Title shares last traded at $251.69, with a volume of 14,830 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Investors Title in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Investors Title presently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on Investors Title

Investors Title Stock Down 0.4%

The company has a market capitalization of $471.82 million, a P/E ratio of 13.13 and a beta of 0.62. The business has a 50 day moving average of $262.68 and a 200 day moving average of $244.60.

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

Investors Title Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.46 per share. The ex-dividend date was Monday, December 1st. This represents a $1.84 annualized dividend and a yield of 0.7%. Investors Title’s dividend payout ratio (DPR) is 9.68%.

Institutional Trading of Investors Title

A number of large investors have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of Investors Title by 486.5% in the 3rd quarter. Millennium Management LLC now owns 16,815 shares of the insurance provider’s stock valued at $4,504,000 after acquiring an additional 13,948 shares during the last quarter. BNP Paribas Financial Markets raised its position in Investors Title by 12,260.0% during the second quarter. BNP Paribas Financial Markets now owns 10,506 shares of the insurance provider’s stock valued at $2,220,000 after purchasing an additional 10,421 shares during the period. Profit Investment Management LLC bought a new stake in shares of Investors Title in the 2nd quarter valued at approximately $1,466,000. Two Sigma Investments LP lifted its stake in shares of Investors Title by 18.7% in the 3rd quarter. Two Sigma Investments LP now owns 42,303 shares of the insurance provider’s stock valued at $11,330,000 after purchasing an additional 6,673 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Investors Title in the 3rd quarter worth approximately $1,463,000. 41.40% of the stock is currently owned by institutional investors.

About Investors Title

(Get Free Report)

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.

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